The European Banking Authority (EBA) launched today its annual EU-wide transparency exercise, as part of its efforts to monitor risks and vulnerabilities and to reinforce market discipline. 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 EBA expects to publish the results at the beginning of December, together with the annual Risk Assessment Report (RAR).

The EBA has started today the interaction with the 124 banks participating in the transparency exercise. This interaction envisages the verification of pre-populated templates and any data quality correction that will be done through the supervisory r