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As in the past, the exercise is exclusively based on supervisory reporting data, which will keep the burden for the banks to a minimum. Transparency exercises are conducted on an annual basis and are part of the EBA's efforts to monitor risks and vulnerabilities and to reinforce market discipline.
As of this year, the transparency exercise will disclose data with quarterly rather than semi-annual frequency, in order to provide users with more granular supervisory data for time series analysis. Furthermore, this year the EBA will provide a more detailed overview of the banks' financial assets and risk weighted assets.
The EBA will start the interaction with banks for supervisory reporting, data population and verification and expects to publish the results of the exercise by end-November, together with the annual Risk Assessment Report (RAR).
2019 EU-wide transparency exercise