I will highlight the necessity for experience and ownership at board level, the capacity gaps that exist in terms of implementation, and explain how we expect these to be addressed. Finally, I will briefly discuss a number of national practices that still pose a considerable challenge to the timely reduction in non-performing loans in some Member States.
In this context, concerted action from all relevant stakeholders is needed to tackle this important issue. 2. The framework going forward Following the Comprehensive Assessment in 2014, ECB Banking Supervision continued to focus on issues relating to asset quality through its ongoing supervisory engagement.