The European Banking Authority (EBA) published answers to 29 questions in the Single Rulebook Question and Answer (Q&A) tool in September. The answers relate to topics such as liquidity, credit, and operational risks, own funds requirements, internal governance, large exposures, and supervisory reporting issues, including the FINREP and COREP. EBA also announced the launch of the annual EU-wide transparency exercise, 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 will release nearly 2 million data points, on average more than 16,000 data points per bank, with about 120 participating banks. As in the previous years, the data will cover capital positions, profitability, financial assets, risk exposure amounts, sovereign exposures, and asset quality. This year EBA will provide additional pieces of information on the exposures under EBA compliant moratoria and public guarantee schemes, which will allow public to have more comprehensive assessment of the impact of the COVID-19 crisis on the banking sector. Along with the dataset, EBA also provides a wide range of interactive tools that allow users to compare and visualize data across time and at a country and a bank-by-bank level. As in the past, the transparency exercise is exclusively based on supervisory reporting data, which will keep the burden for the banks to a minimum. The transparency exercise complements own Pillar 3 disclosures of banks, as laid down in the EU Capital Requirements Directive (CRD).
Keywords: Europe, EU, Banking, Single Rulebook, Transparency Exercise, Q&A, Basel, CRR, CRD, Reporting, Risk Assessment Report, Regulatory Capital, EBA
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