European Banking Authority Releases Draft Details For EU-Wide Transparency Exercise And 2016 EU-Wide Stress Tests

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Shearman & Sterling LLP

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The assessment and quality checks of the 2016 stress tests are expected to be concluded by the third quarter of 2016 which is when the results of individual banks will also be published.
European Union Finance and Banking
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On July 15, 2015, the EBA published a draft list of banks that would be participating in the EU-wide transparency exercise at the end of 2015, together with draft templates showing the type of data that will be disclosed covering composition of capital, leverage ratio, risk weighted assets by risk type, sovereign exposures, credit risk exposures and asset quality, market risk and securitization exposures as of December 2014 and June 2015. The EBA also announced certain features of the 2016 EU-wide stress test, which is expected to launch in the first quarter of 2016. The assessment and quality checks of the 2016 stress tests are expected to be concluded by the third quarter of 2016 which is when the results of individual banks will also be published.

The EBA's announcement is available at: http://www.eba.europa.eu/-/eba-updates-on-upcoming-transparency-exercise-and-on-key-features-of-2016-eu-wide-stress-test.

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