Introducing a joint supervisory framework requires us to conduct a thorough health check of bank balance sheets, using harmonised methods, so that any legacy issues are recognised, and that all banks enter the new supervisory regime with sound levels of capital and liquidity. We are currently conducting this comprehensive assessment in cooperation with national supervisors.
Christine Lagarde: ECB press conference - introductory statement Introductory statement by Ms Christine Lagarde, President of the European Central Bank, and Mr Luis de Guindos, Vice-President of the European Central Bank, Frankfurt am Main, 27 October 2022. ***  1/1  BIS - Central bankers' speeches