Under the new European supervisory structure, the ECB assumed direct supervision of the 120 most significant euroarea banks on 4 November. Ms Buch has already discussed many important aspects of the Financial Stability Review, which I will now expand upon by taking a look at the current risk situation of the German banking sector. 2.
German banks under the new supervisory structure  The comprehensive assessment began just one year ago. This involved subjecting the major German institutions to closer scrutiny and testing their ability to withstand stress in a crisis situation. The objective was to create transparency and to detect any legacy problems and capital shortfalls.