I urge you to be part of the conversation and engage in the dialogue. I pray that the event will be of great benefit to all participants. 3/3  BIS central bankers' speeches
Luis M Linde: Results of the comprehensive assessment of the euro area banking system Address by Mr Luis M Linde, Governor of the Bank of Spain, at the press conference presenting the results of the comprehensive assessment of the euro area banking system, Bank of Spain, Madrid, 26 October 2014. * 1. *  *  Introduction  We have called you here today on the occasion of the publication of the Comprehensive Assessment results for significant banks in the euro area, which has been conducted as a prior step to the start-up of the Single Supervisory Mechanism on 4 November. I believe the press conference and the material published by the ECB provide a rounded view of the overall results of the exercise. The aim of this conference is to offer you an analysis of the data from the standpoint of the Banco de España, and of the Spanish banking system. Two clear messages emerge from the information published today: Firstly, at European level, despite its great complexity, the exercise has unfolded successfully and has met its main objectives: to improve transparency regarding the situation of European banks, to identify potential weaknesses in their balance sheets and contribute to strengthening their solvency. Secondly, the outcome of the Comprehensive Assessment highlights the fact that the reform and restructuring of the Spanish banking system in recent years has borne fruit, and that Spanish banks now face the future with healthy balance sheets and a sound solvency position. 2.