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Whatever the exact outcome, the ECB’s comprehensive bank assessment is the main thing to watch over the next 12 months in European banking.

I have started a series of articles on this, see:

Part 1 (Introduction and background): http://blog.logicoffinance.com/2013/11/notes-on-ecbs-comprehensive-bank_12.html

Part 2 (Comments to the ECB’s 23 October announcement, the EBA recommendation on the AQRs and the 15 November statement by the EU Commission): http://blog.logicoffinance.com/2013/11/notes-on-ecbs-comprehensive-bank.html

In my notes, I’m first of all trying to follow how the credible process is being built – or the illusion of it. I also highlight open issues and “devils in details” should I observe them.