They were asked to submit 37 separate data points, including the balance sheet total, the level of customer deposits or the trading book portfolio – so nothing complex at all. By contrast, the banks that are directly supervised by the ECB are asked to give more than 8,000 data points – and these have to be submitted not annually but quarterly.
Our requests for information of course comply with the guidelines of the European Banking Authority. For indirect supervision, however, it is not a question of more reports. It is much more about using the experience collected within the SSM for the supervision of small and medium-sized banks.