Shares rout shows we are still in the dark about health of banks

It used to be the case that reports on the health of European banks merited front-page headlines. Former regulators such as Matthew Elderfield and Patrick Honohan were household names.

We have now reached the point where the European Banking Authority (EBA) published a report on the outcome of the 2015 EU-wide transparency exercise and it barely received a mention outside the business sections.

And yet the report provides detailed bank-by-bank data on risk exposures, capital positions, and asset quality on 105 banks, including AIB, Bank of Ireland, and Permanent TSB.