It is therefore largely consistent with the current Comprehensive Assessment exercise. Both involve a review of the adequacy of provisions and a review of the classification of loans on the banks’ balance sheets. We see the Balance Sheet Assessment and the overall Comprehensive Assessment process as being intrinsically linked as a result.
Therefore the appropriate time to disclose information is when the overall exercise, including the stress test, is completed later this year. This is consistent with the approach taken at the European level where consolidated results of both the point-in-time AQR and forward-looking stress test will be published simultaneously. My team at the Central Bank is very familiar with the process.