This assessment consists of thorough analysis of each bank’s risk profile, comprising an overall balance-sheet assessment (BSA), including an asset quality review, and a stress test. The exercise will also cover other relevant aspects of banks’ business, including leverage, corporate governance and organization.
In conclusion, the current monetary policy stance should ensure a sustainable expansion of non-inflationary economic activity in the euro area. In line with its monetary policy strategy, the Governing Council will remain vigilant with regard to any risks to price stability arising either from domestic or from external sources and act in a timely manner.