You will be let in on all the details on 23 October: what form the balance sheet assessment will take; how it ties in with the portfolio selection, which we will examine in more detail; and how the balance sheet assessment in turn relates to the subsequent stress tests.
It should all lead to a single result, that will be published in October next year. What benchmark will this single result represent? We are not primarily aiming to quantify a capital gap. The main purpose of sifting through the banks’ balance sheets is to restore international market confidence in them.