The Comprehensive Assessment is a truly huge effort, involving around 130 banking groups, with a very large coverage in the euro area. For Finland, the Assessment will cover three main banking groups, OP-Pohjola Group, Nordea Bank Finland Oyj, as well as Danske Bank Oyj.
The Comprehensive Assessment comprises three main pillars: First, a Risk Assessment Exercise addresses key risks in the banks’ balance sheets, including liquidity, leverage and funding. Second, an Asset Quality Review examines banks’ balance sheets based on information at the end of 2013. Third, a Stress Test complements the asset quality review by providing a forward-looking view of banks’ risk-absorption capacity under stress.