ING Reports Outcome of 2021 EU-wide Transparency Exercise and Risk Assessment Report

  • Banking
  • 03.12.2021 05:15 pm

ING notes the announcements made today by the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the information of the 2021 EU-wide Transparency Exercise and Risk Assessment Report.

Background 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 regulatory reporting data (COREP/FINREP) 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.

The outcome of the exercise related to ING Group can be found in the annexes on the EBA website.

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