UniCredit notes the announcement made today by the European Banking Authority (EBA) regarding the information of the 2022 EU-wide Transparency Exercise.
Background 2022 EU-wide Transparency Exercise
The EBA Board of Supervisors approved the package for the EU-wide Transparency Exercise, which since 2016 is performed on an annual basis and published along with the Risk Assessment Report (RAR). The annual transparency exercise is based solely on COREP/FINREP data on the form and scope to assure a sufficient and appropriate level of information to market participants.
The templates were centrally filled in by the EBA and sent afterwards for verification by banks and supervisors. Banks had the chance to correct any errors detected and to resubmit correct data through the regular supervisory reporting channels, and to add specific information as required to further clarify individual data.
The 2022 Transparency Exercise covers two reference dates: 01 September 2021 and 30 June 2022.
Milan, 09 December 2022
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