It will also allow combining accounting-based information on the banking and financial sectors at large with firms’ risk management views and their perception of the main risks further down the road.
As such, in setting up an effective EU-wide risk surveillance process, importance is being given to the establishment of a structured dialogue with the financial industry focused on financial vulnerabilities at the system-wide level. It could take place on a regular basis both among high-level representatives and at the working level. 4.