The European Banking Authority (EBA) announced the launch of annual 2022 EU-wide transparency exercise in September 2022. The exercise will cover data from the second half of 2021 and the first half of 2022. EBA also expects to release the information on banks’ exposures and asset quality at the beginning of December, along with the annual Risk Assessment Report.
In the 2022 annual transparency exercise, EBA plans to disclose capital positions, financial assets, risk exposure amounts, sovereign exposures, and asset quality information on the banking sector in European Union. Along with the dataset, EBA will also provide a wide range of interactive tools that allow users to compare and to visualize data across time and at the country and bank-by-bank levels. This transparency exercise is part of the ongoing efforts to foster transparency and market discipline in the financial market and complements banks' own Pillar 3 disclosures, as laid down in the European Union's Capital Requirements Directive (CRD). The transparency exercise is exclusively based on supervisory reporting data, which will keep the burden for banks to a minimum.
Related Link: Press Release on Transparency Exercise
Keywords: Europe, EU, Banking, Basel, Transparency Exercise, Risk Assessment Report, Reporting, Asset Quality, EBA
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