EBA Launches the 2018 Data Transparency Exercise for EU
EBA launched its fifth annual data transparency exercise for EU. EBA will start the interaction with banks, for supervisory reporting data population and verification. The data will be frozen in mid-November 2018 and EBA expects to publish it in December 2018, along with the EBA 2018 Risk Assessment Report. The transparency exercise covers a wide sample of banks and countries and provides consistent time series of semi-annual bank-by-bank financial information since 2011.
In 2018, the sample of banks will be aligned with the one used for the 2018 EBA Risk Assessment Report. The exercise will be based exclusively on supervisory reporting data, which will keep the burden for the banks at a minimum. The data for December 2017 and June 2018 will cover financial information on capital, leverage ratio, risk exposure amounts, profit and losses, market risk, securitization, credit risk, exposures to sovereign, non-performing exposures, and forborne exposures. The information reported will be mostly in line with the previous exercises, although the introduction of IFRS 9 has required a revision of FINREP-based templates. In addition, sovereign exposures data will be enriched with additional information and aligned with the new supervisory reporting tables.
In December 2018, along with the Risk Assessment Report, EBA will release over 900,000 data points on about 130 EU banks. The data will cover capital positions, risk exposure amounts, sovereign exposures, and asset quality. This data disclosure, which provides the wider public with a consistent tool to access data on the EU banking system, is an important component of the responsibility of EBA to monitor risks and vulnerabilities and foster market discipline.
Related Link: News Release
Keywords: Europe, EU, Banking, Transparency Exercise, Data Collection, Risk Assessment Report, EBA
Previous ArticleFDIC Allows Early Adoption of Capital Simplifications Final Rule
Next ArticleESMA Updates Risk Assessment in Light of COVID-19
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.
MFSA Sets Out Supervisory Priorities, Issues Reporting Updates
The Malta Financial Services Authority (MFSA) outlined its supervisory priorities for 2023
German Regulators Issue Multiple Reporting Updates for Banks
Deutsche Bundesbank published the nationally deactivated validation rules for the German Commercial Code (HGB) users on the taxonomy 3.2, which became valid from December 31, 2022
BCBS Report Examines Impact of Basel III Framework for Banks
The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.
PRA Consults on Prudential Rules for "Simpler-Regime" Firms
Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.