FRANKFURT (Reuters) - The European Central Bank is carrying out a deep-dive analysis of four banks that it may start to supervise directly, it said on Tuesday. The lenders are Italy's Banca Mediolanum (BMED.MI), the Irish unit of U.S. lender Citigroup (C.N), Slovenia's Abanka and Latvia's Rietumu Banka. The "comprehensive assessment" includes a review of the quality of the assets on the banks' balance sheet and a "stress test" checking their resilience to shocks, the ECB said. Results are expected in November. The ECB currently supervises the euro zone's 129 largest banks, based on their size in absolute terms and relative to the country where they are based. (Reporting By Francesco Canepa; Editing by Balazs Koranyi)
The European Central Bank (ECB) has said that it is in the process of carrying out a deep-dive analysis of four banks that it may need to supervise; the banks are: Banca Mediolanum, the Irish unit of Citigroup, Abanka and Rietumu Banka. In its latest report on the banking sector, published yesterday, the ECB said: “The Commission will continue to monitor closely developments related to these banks, including their exposure to sovereign debt issuers, as well as other systemic