Only half of banks accept ECB terms

The ECB will rewrite a non-disclosure agreement with lenders undergoing its current health check after fewer than half the institutions agreed to the terms.

“We’re working closely with banks and as part of this, we will address feedback received on the non-disclosure agreement in a revised version to issue to banks in the coming days,” the Frankfurt-based ECB said in a statement.

As it subjects about 130 of the eurozone’s largest banks to a year-long asset review and stress test, the ECB is nervous of leaks endangering financial stability.