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2 0 1 2 a n n u a l r e p o r t
3.2.3. Building the infrastructure
a. Data and common supervisory reporting
The key risk indicators (KRIs) are the main
source of supervisory data available at the
EBA. They have been designed in accordance
with FINREP and COREP definitions and are
collected for a sample of 57 European banks,
with the banks in the sample representing at
least 50 % of each national banking sector.
This allows the EBA to monitor the different
drivers of banks’ performance and provide an
aggregate view of the EU banking system. In
2012, the EBA intensified efforts for improv-
ing the quality and robustness of the reported
Following a public consultation in 2012, the
EBA worked on finalising the technical stand-
ards on supervisory reporting, the definitions
templates and data point models for COREP
(own funds and own funds requirements), FIN-
REP (financial information), large exposures
and liquidity and leverage ratios. The techni-
cal standard will be published once the final
text of the CRD IV/CRR is available. The new
supervisory reporting framework is a ­major
driver of supervisory convergence, and its
delivery will enable carrying out peer analyses
and benchmarking exercises, as well as fa­
cilitating a common base upon which college-
related information can be exchanged.
The EBA has also conducted intensive work
to incorporate harmonised definitions of for-
bearance and non-performing loans into the
FINREP framework in order to empower su-
pervisors with the appropriate tools to assess
credit quality on a comparable basis across
the EU. As institutions may deal with non-​
performing exposures by extending forbearance
measures, consistent definitions and report-
ing are preconditions for effectively managing
the uncertainties surrounding asset quality for
European banks.
b. Regular risk assessment and risk
The EBA is mandated by its founding regula-
tion to regularly assess the risks and vulner-
abilities of the European banking system. This
activity results in the preparation of reports
for internal as well as for external use. In
2012, the EBA started publishing its risk as-
sessment reports on a semi-annual basis and
sharing them with the Parliament, Council
and ESRB. The reports condense the ana­
lyses carried out, leveraging on the key risk
indicators as well as on market intelligence
and other sources of information. An impor-
tant tool for enhancing the forward-looking
component of the risk reports is the Risk As-
sessment Questionnaire, a survey conducted
on a sample of large banking groups, which
elicits expectations of respondents on current
challenges and future risks. The discussion
with the members of the EBA subgroups and
standing committees also provide input for
forward-looking analysis.
During 2012, the EBA finalised its risk dash-
board. The system-wide version of it is a quar-
terly report based on the KRIs and provides an
overview on the performance of the banking
system. A colour-code system facilitates the
identification of major sources of risks and
trends in banks’ risk profiles. A firm-specific
version of the risk dashboard has also been
released and is now subject to a testing phase
with internal users. It provides KRIs for a spe-
cific firm and compares those with various
peer groups, both predetermined and user-
defined. The firm-specific dashboard will
gradually become part of the toolbox for the
colleges of supervisors.
Additional regular risk assessment products
include: the ‘Weekly overview on liquidity and
funding’ that summarises views of market
ana­lysts and supervisory views on local liquidity
and funding conditions and is delivered weekly
to the members of the Board of Supervisors;
and the ‘Report of the Joint Committee of the
ESAs on risks and vulnerabilities in the EU fi-
nancial system’, which provides the Financial
Stability Table of the Economic and Financial
Committee and the ESRB with an assess-
ment of micro-prudential sectoral and cross-
sectoral risks twice a year.