The EBA launched today its 7th annual EU-wide transparency exercise, with the objective of providing market participants with updated information on the financial conditions of EU banks as of June 2020, thus assessing the preliminary impact of the COVID-19 crisis on the sector.
The EBA expects to publish the
results of this exercise at the beginning of December, along with the
Risk Assessment Report.
This exercise will complement the information provided through the
Spring EU-wide Transparency exercise of 8 June 2020, by disclosing data
with reference date as of March and June 2020, thus shedding light on
the preliminary impact of the ongoing crisis.
The EBA will release about one million data points, on average more
than 7,000 data points for about 130 participating banks from 27
countries, including the United Kingdom. The data will cover banks’
capital positions, financial assets, financial liabilities, risk
exposure amounts, sovereign exposures and asset quality. The exercise
will also include data on loans and advances subject to legislative and
non-legislative moratoria, following the EBA Guidelines on Covid-19
measures reporting and disclosure.
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