Erscheinung:11.03.2014 ECB publishes manual for asset quality review (AQR)
On 11 March 2014, the ECB published its manual for asset quality review (AQR). It contains the applicable methodology and provides guidance for the national competent authorities and their third-party support on carrying out the exercise as part of the comprehensive assessment.
In October 2014, the results of the AQR will be released together with the results of the stress test conducted by the ECB in cooperation with the European Banking Authority (EBA). For details on the manual, please refer to the ECB’s press release.
Together with the national competent authorities, the ECB is preparing the implementation of the Single Supervisory Mechanism (SSM). A key component of these preparations is the comprehensive assessment, which aims to enhance the transparency of the balance sheets of significant banks, trigger balance sheet repair where necessary, and rebuild investor confidence. Subject to the comprehensive assessment are the major European banks that will fall under the ECB’s supervision in the future.
