EBA Launches EU-Wide Transparency Exercise in 2022
The European Banking Authority (EBA) launched the EU-wide transparency exercise for 2022, with results of the exercise expected to be published at the beginning of December, along with the annual Risk Assessment Report.
As part of the results of the transparency exercise, EBA is expected to release more than 1 million data points, on average more than 10,000 data points per bank, with about 120 participating banks. Similar to the previous years, the data will cover capital positions, profitability, financial assets, risk exposure amounts, sovereign exposures, and asset quality. Along with the dataset, EBA also provides a wide range of interactive tools that allow users to compare and to visualize data across time and at a country and a bank-by-bank level. As in the past, the exercise is exclusively based on supervisory reporting data, which will keep the burden for the banks to a minimum. The transparency exercise is part of the ongoing efforts to foster transparency and market discipline in the European Union financial market and complements own Pillar 3 disclosures of banks, as laid down in the EU Capital Requirements Directive or CRD.
Related Link: Press Release
Keywords: Europe, EU, Banking, Transparency Exercise, Risk Assessment Report, CRD, Basel, Regulatory Capital, Pillar 3, Disclosures, Reporting, EBA
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