De Volksbank takes note of the results of the 2022 EU-wide Transparency Exercise
De Volksbank N.V. takes note of the announcements made by the European Banking Authority (EBA) and the European Central Bank regarding the information of the 2022 EU-wide Transparency Exercise and complying with the decision of the EBA Board of Supervisors. The outcome of the exercise related to de Volksbank can be found on the EBA website.
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 in order to ensure an adequate and appropriate level of disclosure to market participants.
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.
