EBA announces details of its 2016 transparency exercise

The European Banking Authority (EBA) announced on the 6 July 2016 that it would be conducting a transparency exercise in December 2016 on a wide sample of over 100 banks, which would provide actual information on banks' balance sheet based on supervisory reporting data.

Transparency exercises were an annual feature of the EBA's work but the 2016 exercise would be independent from, whilst complementary to, the 2016 EU-wide stress test. This would ensure appropriate coverage of banks across all countries in the EU.

ESO: Background information: EBA updates on upcoming transparency exercise and on key features of 2016 EU-wide stress test http://www.europeansources.info/record/press-release-eba-updates-on-upcoming-transparency-exercise-and-on-key-features-of-2016-eu-wide-stress-test/

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