But they won’t on the magnitude of the first tests.
ECB’s supervisor head Daniele Nouy says that they are well on track with plans for the supervision to start even though the task is of an “unprecedented magnitude”. So far they’ve received 14,000 SSM specific applications for 800 supervisor posts.
There also seems to be enough liquidity in the market should banks want to raise more capital ahead of the AQR she says.
Fancy taking on the role of supervisor? You can join the 14,000 by applying here.
