- Significant progress made on AQR
- Portfolio selection targets most risky assets, selection will be concluded by mid Feb
- AQR execution phase commences in March
- AQR quality assurance to start in October
- Level 3 asset check only for banks with material exposure
- Will provide system wide QA in AQR
Daniele Nouy is chair of the ECB supervisory board of the SSM, speaking alongside Constancio.
