The European Central Bank (ECB) has released a video guideline to explaining the results of the comprehensive assessment, the financial health check of 130 banks in the Euro area. Detailed results of the will be disclosed on Sunday, 26th October at 12pm CET.
The comprehensive assessment includes results from both the asset quality review and the stress tests. Sunday’s results will report on possible shortcomings of individual banks, such as insufficient reporting of non performing loans or incorrect classification of specific assets.
The ECB confirmed that banks will have six months to recapitalise any shortfalls resulting from AQR and baseline scenario of the stress test and nine months to recapitalise shortfalls from the adverse scenarios of the stress test.