EBA Launches Additional Transparency Exercise for Banks in EU
EBA launched an additional EU-wide transparency exercise to provide market participants with updated information on the financial conditions of EU banks as of December 31, 2019, prior to the start of the COVID-19 pandemic. The 2020 Spring EU-wide transparency exercise is exclusively based on supervisory reporting data. EBA expects to publish the results of this exercise at the beginning of June.
Through this transparency exercise, similarly to the annual transparency exercises EBA performed in the past, EBA will release about one million data points, on average more than 7,500 for about 125 participating banks. The data, with reference date as of December 2019, will cover banks’ capital positions, financial assets, financial liabilities, risk exposure amounts, sovereign exposures and asset quality. EBA considers that the provision to market participants of continuous information on banks’ exposures and asset quality is crucial, particularly in moments of increased uncertainty.
Related Link: Press Release
Keywords: Europe, EU, Banking, Transparency Exercise, Data Collection, EBA
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