30 October 2014
The EBA released a clarification statement following Andrea Enria's address at the FRSN conference in Berlin on 'The Comprehensive Assessment, the ECB's New Role and Limits of a Common Supervision in the EU'.
"Significant progress has been achieved in strengthening banks' capital positions and identifying possible sources of risk. The Comprehensive Assessment and the EU-wide stress test have further dispelled uncertainty on asset valuation and contributed to identifying remaining vulnerabilities which are being addressed by Competent Authorities.
Looking at a longer term perspective, there is still work to be done, particularly for ensuring a smooth pathway towards full implementation of CRR/CRD IV, preparing for the incoming BRRD provisions, and restoring confidence in internal models".