After that an Asset Quality Review is carried out examining banks’ balance sheets based on information at the end of 2013. And finally, a Stress Test, done in collaboration with the EBA, complements the asset quality review by providing a forward-looking view of banks’ riskabsorption capacity under stress.
The structure of the Comprehensive Assessment also clarifies the frequently asked question, how this assessment differs from previously conducted EU level stress tests? The key differences to my mind are as follows: •  Banks’ risks and asset quality are assessed in a comprehensive manner at the Banking Union level.