A rigorous selection of portfolios that should be reviewed is currently under way. The national competent authorities (NCAs) have submitted proposals for these portfolios and the ECB is currently studying these proposals before a final selection is made. The stress test will address forward-looking risks.
For this component of the comprehensive assessment, the ECB is using the methodology defined by the European Banking Authority (EBA). We published a first set of details today. BIS central bankers’ speeches  1  The objective of this stock-taking exercise is to ensure that banks’ balance sheets are sound before the ECB takes over their direct supervision.