On 8 August 2014, the European Central Bank (ECB) published a manual detailing how it will incorporate findings from its asset quality review (AQR) into stress test projections.

The manual is divided into two parts:

  • The first part broadly describes the checks on the stress test outcomes produced by SSM banks, which will be performed during a thorough and centrally-led quality assurance conducted by the ECB and national competent authorities.
  • The second part of the manual sets out the methodology for integrating the results of the AQR and the stress test.

The ECB will publish the final results from the comprehensive assessment in the second half of October 2014.