Author: Markus Gujer, head of solutions management, Ambit Risk and Performance, SunGard’s capital markets business
This blog post was originally published by GARP.
On the 23rd October 2013, the European Central Bank (ECB) launched its Asset Quality Review, looking at the assets on banks’ balance sheets and whether they have adequate liquidity levels ahead of a full stress testing exercise which will commence in November 2013, lasting 12 months.
The Asset Quality Review is a way of making banks do their homework ahead of the ECB taking responsibility for regulation, so that the banks take responsibility for their non-performing loans.
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