EBA will open bank books, Enria pledges

New regulatory authority needs to provide transparency, rein in Sifis, to be a success, says EBA chair Enria


European regulators plan to provide more data on the region's banks in an attempt to stave off future bouts of panic about the industry's health, according to Andrea Enria, chair of the European Banking Authority (EBA), who held up the US as a yardstick.

"When they go to the US, analysts and investors find that on the websites of the Fed, the OCC, the FDIC, they can download information on US banks, which provides detailed information – comparable, very granular – and allows proper analysis,"

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