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
Previous ArticleEC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.
The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.