comprehensive assessment

What is comprehensive assessment?

comprehensive assessment definition and meaning on Finance terms:
Financial health checks which the ECB is required to carry out prior to assuming direct supervision over a credit institution. Comprehensive assessments help to ensure that the banks are adequately capitalised and can withstand possible financial shocks. The assessment comprises an asset quality review and a stress test. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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