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 Article
FDIC Allows Early Adoption of Capital Simplifications Final RuleNext Article
ESMA Updates Risk Assessment in Light of COVID-19Related Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.