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2018 EU-wide Transparency Exercise Summary

What is the Transparency Exercise?

The EU-wide transparency exercise is a mechanism through which the European Banking Authority (EBA) publishes bank-by-bank data for a wide sample of EU and EEA banks. The goal is to ensure consistent and comparable disclosure of information related to banks' capital positions, risk exposure amounts, and asset quality. This initiative, established in 2011, aims to enhance market discipline and confidence in the EU banking sector by providing detailed and transparent data.

Key Differences from Stress Tests

• Purpose: Both the transparency exercise and stress tests aim to promote market and supervisory discipline and provide transparency on banks' exposures.
• Methodology: The transparency exercise is purely a disclosure initiative, where supervisory reporting data is published without applying shocks to the financial system, unlike stress tests.
• Frequency: Both are conducted regularly at the EU-wide level, with the transparency exercise typically held annually.

Number of Banks Involved

• The 2018 EU-wide transparency exercise includes 130 banks from 25 EU and EEA countries.
• These banks are selected based on their size and consolidation level, covering the largest EU banks.

Users of the Information

The disclosed data is intended for use by a wide range of stakeholders, including:

• Banks themselves
• Market analysts
• Academics
• International organisations

This information helps in assessing the EU banking system, leading to better understanding and increased confidence in the sector.

Relationship with the Risk Assessment Report (RAR)

• The transparency exercise is published alongside the RAR, which is based on a wider sample of banks.
• A "All other banks" bucket is included in the transparency database, providing aggregated data for banks in the RAR sample that are not part of the transparency exercise.
• This allows users to reconcile the detailed bank-by-bank data with EU-wide aggregated figures presented in the RAR.

Data Disclosed and Changes from Previous Exercises

The disclosure templates for the 2018 exercise are largely aligned with those used in the 2017 exercise. However, there are notable changes:

• IFRS9 has been introduced, affecting the disclosure of risk exposure and capital data.
• New sovereign exposures templates for Q2 2018 have been added, with more granular and detailed information.
• The templates cover the following areas:
  • Capital
  • Leverage ratio
  • Risk exposure amounts
  • Profit and losses
  • Market risk
  • Securitisation
  • Credit risk
  • Exposures to sovereign
  • Non-performing exposures
  • Forborne exposures

All data is fully populated with supervisory reporting data.

Treatment of Balance Sheet Changes

• The 2018 transparency exercise uses data as of December 2017 and June 2018.
• Capital increases, mergers, acquisitions, and restructuring actions that occur after these dates are not included in the exercise.
• In cases of major events, a footnote is added to the templates to explain the impact on the data.

Data Format and Tools

• The EBA provides interactive tools to help users navigate and analyze the data:
  • Interactive maps for visualizing data by country and bank.
  • Excel aggregation tools for data analysis.
  • A complete dataset in CSV format, which can be imported into analytical software.
• The transparency dataset is stored in four CSV files, each corresponding to a specific data category.

Frequency of Data Release

• The EBA releases the transparency data annually, as decided by the Board of Supervisors.

This structured and transparent approach supports a more informed market and supervisory environment, contributing to the stability and resilience of the EU banking sector.