The ECB has today informed banks how capital shortfalls must be addressed following the comprehensive assessment. This announcement follows today's release by the European Banking Authority (EBA) of the methodology and scenarios for the EU-wide stress test. Together with the asset quality review, the stress test is a key pillar of the comprehensive assessment. The ECB has collaborated closely with the EBA on the stress test methodology and with the European Systemic Risk Board (ESRB) who produced the adverse scenario. The baseline scenario was produced by the European Commission. The ECB will publish the results of the comprehensive assessment in October 2014, before it takes over its supervisory tasks within the Single Supervisory Mechanism (SSM).

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