EBA: Common credit risk definitions vital

Life preserver floating on binary data

The financial crisis highlighted divergences in reporting practices and definitions across Europe, hampering the ability of regulators to gain a comprehensive view of risk, and adding to the compliance burden for cross-border banks. European regulators have since taken large strides forward in ensuring the availability of comparable and good-quality credit risk data across the European Union (EU) – an essential step to enable them to spot the build-up of systemic risks.  The settin