EBA launches 2024 EU-wide transparency exercise. Over 100 major EU banks are participating. The results will be published at the end of November.
The European Banking Authority (EBA) launched today the 2024 EU-wide transparency exercise. „Ahead of the 2025 stress tests, this year’s transparency exercise will offer preliminary and valuable insights into the health and resilience of Europe’s banking sector.” – according to the press release.
The results will be published at the end of November, together with the release of the Risk Assessment Report (RAR).
The EBA started today the annual interaction with over 100 major EU banks participating in the transparency exercise. As in the previous years, the exercise will rely solely on supervisory reporting data and will cover capital positions, profitability, financial assets, risk exposure amounts, sovereign exposures and asset quality.
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The EU-wide transparency exercise has become a cornerstone of the EU banking sector supervision since 2011. It provides increasingly comprehensive data and state-of-the-art visualisation tools, with the aim of enhancing transparency and confidence in the resilience and stability of the EU financial system. This exercise complements the EBA’s bi-annual stress test and uses supervisory reporting data to provide a clear picture of banks’ capital strength, risk exposures and asset quality. In 2019, the exercise was expanded to quarterly disclosures, thus significantly increasing the amount of data available to the public.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
