This is important to guarantee consistent application of high supervisory standards. The Comprehensive Assessment has three main goals. First of all, the assessment aims at transparency through enhancing the quality of information available on the condition of banks. Its second goal is to repair banks’ condition by identifying and having the necessary corrective actions implemented where necessary.
Finally, the Comprehensive assessment builds confidence by assuring all relevant stakeholders that banks are fundamentally sound and trustworthy. The ECB will conduct the Comprehensive Assessment in close cooperation with national authorities, and also with ESRB and EBA.