ECB speaks on supervision after comprehensive assessment: In a speech, a member of the Executive Board of ECB summarised the key findings of the comprehensive assessment of Banking Union banks and outlined how the findings of the assessment will support the ongoing supervisory work which now begins for ECB. ECB expects banks to create provisions for the non-performing exposures identified in the asset quality review and to improve their data systems and internal models. ECB's supervisory work will be driven by the objective of creating a level playing field for banks across the Banking Union and will therefore take into account the discretions exercised by Member States when implementing the CRR and inconsistencies of banks' internal models. (Source: Start of the SSM)