The European Banking Authority (EBA) launched its annual EU-wide transparency exercise, beginning its interaction with banks with respect to supervisory reporting data population and verification. The exercise is exclusively based on supervisory reporting data – covering capital positions, financial assets, risk exposure amounts, sovereign exposures and asset quality. The EBA expects to publish the results of the exercise (with data from about 130 banks) by the end of November, together with the annual Risk Assessment Report (RAR). As of this year, the transparency exercise will disclose data with quarterly rather than semi-annual frequency. Furthermore, the EBA will provide a more detailed overview of the banks' financial assets and risk weighted assets (RWAs) this year.