A report by Bruegel on transparency in the European Banking Union, based on a survey carried out in 2013, has recently been revisited by its authors, analysing the most recent evolution in terms of banking supervisory transparency. The updated report concludes that financial supervisory data transparency at the EU level has gradually improved but does nothing to offset the gradually worsening transparency shortcomings at the level of EU Member States. [...]
Besides these benefits, including financial stability, that stem from an increased transparency of banking supervision, BETTER FINANCE points to the absolute necessity for transparency following the new bail-in rules that have catapulted investors and depositors to the forefront of banking resolution.
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