The European Banking Authority (EBA) published today a follow-up disclosure review for by 19 European banks. This is a Pillar 3 requirement, set out in the EU Capital Requirements Directive (CRD II). Even with the extensive Basel III disclosure requirements ahead, EBA notices that there is still room for improvement. In fact, there was no… Read More Jay, EBA publishes report on bank transparency
Reuters reported on a leaking source from the European Banking Authority who mentioned that Europe has set itself a “completely illusionary” timetable for the next round of bank health checks. An interesting Catch 22 thus ensues: adhering to a strict timetable would lead to cutting corners, thus endangering the reputations of European bank supervisors. Not-adhering… Read More The European Bank Asset Quality Review, an inconvenience, but for whom?