It prompts front line supervisors to conduct a systematic assessment of a range of risk categories for higher impact firms, leading to a formal scoring which is communicated to the  BIS central bankers’ speeches  5  firm in question, along with a risk mitigation plan setting out a “to do” list of actions to address areas of concern.
Not all issues identified in an assessment merit further action – this depends on their magnitude and their probability of crystallising – and firms have an opportunity to both correct factual errors in a risk assessment and suggest alternative mitigation actions.