Biggest Banks? Debt Holdings to Be Published

The European Union?s top banking regulator will reveal data on the sovereign debt and types of capital held by the bloc?s biggest lenders as it forgoes a stress test for a second year.

The European Banking Authority, set up in 2011 to harmonize banking rules, may publish the data as early as October and include additional information on banks? cross-border investments across the EU. The agency has previously revealed lenders? holdings of European sovereign debt as part of annual stress tests.

The EBA scrapped the 2013 exam in favor of a review of lenders? asset quality led by the European Central Bank, which will become the euro area?s chief banking supervisor. European leaders last year decided that the central bank should become a regulator in a bid to ease the currency bloc?s fiscal crisis by breaking the link between bank solvency and national public finances.

?One of the positive feedbacks we received from our 2011 stress test was the unprecedented level of disclosure, some 3,400 data points per bank, providing consistent information which helped to dispel rumors of hidden concentrations in banks,? Piers Haben, director for banking oversight at the London-based EBA, said in an e-mailed statement.

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