In doing so the supervisory risk assessment aims to continually address key risks in the banks’ balance sheets, including liquidity, leverage and funding. At the moment, the ECB and the national competent authorities are jointly developing a new risk assessment system that will be deployed as a key supervisory tool in the SSM.
4  BIS Review 115/2010  Counterparty concerns generated significant credit tiering in the market for US dollars. In late 2008 and early 2009, few banks were actually able to access unsecured funding at LIBOR. The eurodollar rate, which is a broader measure of US dollar borrowing costs, indicates that for many banks, funding costs were considerably higher than US dollar LIBOR.