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Funktionsweise und Einschätzung des Comprehensive Assessment

Author

Listed:
  • Sascha Steffen

    (European School of Management and Technology (ESMT))

  • Lea Steinruecke

    (European School of Management and Technology (ESMT))

Abstract

Zusammenfassung Die Veröffentlichung der Ergebnisse des Comprehensive Assessment im Oktober 2014 durch die Europäische Zentralbank (EZB) markierte den Höhepunkt und Abschluss der bis dato umfassendsten Bilanzprüfung des europäischen Bankensektors. Die Überprüfung stützte sich in der Bewertung der Gesundheit der bedeutendsten Finanzinstitute auf sich ergänzende Analysen, einen stichtagsbezogenen Asset Quality Review und einen Stresstest, und verfolgte hochgesteckte Ziele: Die auf vereinheitlichten Kriterien beruhende Bewertung sollte sowohl die allgemeine Transparenz der Bankbilanzen erhöhen als auch die umfassende Rekapitalisierung der europäischen Finanzinstitute einleiten und das langfristige Vertrauen in den Bankensektor sicher- bzw. wiederherstellen. Die große Herausforderung bestand daher in der Konzeptionierung und Durchführung eines Tests, der zum einen streng genug ist, um eine Bereinigung der Bilanzen europäischer Banken einzuleiten und einer deflationären Entwicklung (wie in Folge der japanischen Bankenkrise der 1990er) vorzubeugen, der zum anderen jedoch nicht durch übermäßige Härte zu einer weiteren Destabilisierung des Sektors führt. Das Ziel dieses Artikels ist zu beleuchten, inwieweit der EZB die Meisterung dieser Aufgabe gelungen ist. Denn auch wenn eindeutige Verbesserungen im Gegensatz zu vorangegangen Stresstests festzustellen sind, so bestehen doch weiterhin fundamentale Kritikpunkte bezüglich Methodik, Ausführung und allgemeiner Transparenz und Glaubwürdigkeit. Zudem bot auch die diesjährige Bilanzprüfung nur eine unzureichende Abbildung systemischer Risiken.

Suggested Citation

  • Sascha Steffen & Lea Steinruecke, 2015. "Funktionsweise und Einschätzung des Comprehensive Assessment," Schmalenbach Journal of Business Research, Springer, vol. 67(4), pages 418-443, December.
    • Handle: RePEc:spr:sjobre:v:67:y:2015:i:4:d:10.1007_bf03373026
    DOI: 10.1007/BF03373026
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    References listed on IDEAS

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    More about this item

    Keywords

    E58; G01; G28;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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