ECB publishes ‘manual' explaining eurozone banks' comprehensive assessment
Publication ‘demonstrates ECB's commitment to transparency'
The European Central Bank (ECB) on Friday published a ‘manual' outlining how the asset quality review (AQR) it is conducting will be stitched together with its stress tests to form the comprehensive assessment, which it sees as a precondition for it beginning to supervise the eurozone's biggest banks.
The ECB's single supervisory mechanism (SSM) will take on its supervisory duties in November this year, following the assessment which comprises stress tests conducted by the ECB, in co-operation
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