EBA launches 2024 EU-wide transparency exercise

Posted on September 20, 2024 by Editor

The European Banking Authority (EBA) has launched its 2024 EU-wide transparency exercise, offering a detailed look into the financial health of Europe's banking sector. This data-driven initiative is part of the EBA's preparations for the 2025 stress tests, aimed at ensuring a stable and resilient banking environment.

The exercise draws on supervisory data disclosed in XBRL, using it to explore risks and vulnerabilities in the banking sector. During the test EBA will review key metrics like capital positions, risk exposure, sovereign exposures, and asset quality for over 100 major EU banks. By using data already reported to supervisors, the EBA ensures that banks aren't burdened with additional reporting requirements.

This annual effort plays a vital role in boosting transparency and market confidence. The results are set to be published in November, alongside the EBA's Risk Assessment Report (RAR). EBA also offers interactive tools that allow stakeholders to visualise and compare the data by country and institution.

For more details on the 2024 transparency exercise, visit the EBA website.