De Volksbank takes note of the results of the 2021 EU-wide Transparency Exercise
De Volksbank N.V. takes note of the announcements made today by the European Banking Authority (EBA) and the European Central Bank regarding the information of the 2021 EU-wide Transparency Exercise and complying with the decision of the EBA Board of Supervisors.
Background EU-wide Transparency Exercise
The EBA Board of Supervisors approved the package for the EU‐wide Transparency Exercise, which has been performed on an annual basis since 2016 and is published along with the Risk Assessment Report (RAR). The transparency exercise is solely based on COREP/FINREP data to provide market participants with updated information on the financial conditions of EU banks.
The templates were pre-filled by the EBA and subsequently sent to banks and supervisory authorities for verification. 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 necessary to explain individual data in more detail.