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The Boston Globe

Business

ECB vows thorough bank exams

FRANKFURT — The European Central Bank detailed the parameters of a widely anticipated review of eurozone banks Wednesday, promising it would thoroughly examine lenders’ ability to withstand shocks and their exposure to risk.

Mario Draghi, the central bank’s president, said the review, which will take a year, will be “an important step forward for Europe and for the future of the euro-area economy.”

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