BIS central bankers’ speeches  3  The execution of the AQR, its successful linking to the stress test, the quality assurance setup and the stringent and swift responses of banks and the supervisor to identified capital shortfalls will still require significant efforts between now and late October.
Crucial aspects of the remaining process ahead of us – communication with banks and the public But there is another critical success factor – effective and efficient communication with the banks, the public and the markets. Let me explain briefly why I believe that, at this stage, it becomes increasingly important to have direct interaction between the supervisor and the banks.