The European Central Bank has allocated up to four years for an in-depth review of major eurozone banks’ risk model, according to a report by the Financial Times.
The ECB was slated to complete its review of the banks within a year or two but has set a deadline of four years due to the complexity of the project. Deutsche Bank, Santander, UniCredit, BNP Paribas and Société Générale are some of the major banks that are supervised by the ECB.
