ECB Will Perform Risk Review to Focus Asset Exam, Mersch Says
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The European Central Bank will identify areas which it considers particularly risky ahead of its upcoming bank asset quality review, according to ECB Executive Board member Yves Mersch.
The “comprehensive assessment” prescribed by the European Union law establishing the ECB as the overseer of the banking supervision in the euro area will allow it to address legacy assets and will result in determining possible capital needs at the banks under its scope, Mersch said today in a speech in Alpbach, Austria.