ECB appoints Oliver Wyman to conduct ‘comprehensive' eurozone bank review

European Central Bank at night

The European Central Bank has appointed accountancy firm Oliver Wyman to help set up and conduct a comprehensive review of the banks which will be supervised by the ECB's single supervisory mechanism (SSM) from next year.

The ‘comprehensive assessment', formerly known as the asset quality review, is aimed at taking stock of the condition of the ‘significant' European banks that the SSM will supervise and is seen by the ECB as a precondition of the SSM being started.

The comprehensive assessment

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