On 22 September 2023, the European Banking Authority (EBA) launched its annual EU-wide transparency exercise.

The exercise will disclose capital positions, financial assets, risk exposure amounts, sovereign exposures and asset quality information of the EU banking sector in the second half of 2022 and in the first half of 2023.

The exercise forms part of the EBA’s efforts to monitor risks and vulnerabilities and to reinforce market discipline. The exercise is based exclusively on supervisory reporting data, which will keep the burden for the banks to a minimum. The data will cover capital positions, profitability, financial assets, risk exposures amounts, sovereign exposures and asset quality.

This exercise will involve 124 banks and envisages the verification of pre-populated templates and any data quality corrections that will be done through the supervisory reporting channel.

The EBA expects to publish the results at the beginning of December, together with the annual assessment report.