The Ezelman OSI Findings Tracker

An anonymised quarterly benchmark of ECB on-site inspection findings across Ezelman mandates — by portfolio type, finding severity, and year. The only public data set that tells European banks what their peers are actually being asked in the inspection room.

38.4
Avg. findings per IRB inspection · Ezelman book · rolling 4 quarters

Industry benchmarks circulate in the 60–90 findings range. On Ezelman-supported inspections, the number is under 40 — because the 80 the bank would otherwise get are pre-empted during readiness.

Findings by inspection theme

Observed finding counts per inspection, rolling 4Q average, across Ezelman-supported ECB/SSM on-site inspections in 2024–2026.

ThemeEzelman-supportedPeer benchmarkHighest severity observed
IRB — PD model6.214.0F4
IRB — LGD model5.812.5F4
IRB — CCF & off-balance-sheet3.17.0F3
IRB — data quality & lineage4.611.0F4
IRB — model validation & monitoring4.910.5F4
Credit risk — NPE classification2.36.2F3
Credit risk — IFRS 9 staging & SICR3.89.0F4
Counterparty credit risk — MPoR1.94.5F3
Governance & documentation4.18.5F2
Pillar 2 / ICAAP narrative1.74.0F2

What's getting the most attention in 2026

Supervisory priority themes on live ECB OSI mandates — not what the SSM published in its Priorities document but what the inspectors are actually asking the bank.

Trending ↑↑

LGD downturn calibration

Inspectors pushing back harder on downturn LGD adequacy — especially in real-estate-heavy portfolios. The 2008–2014 downturn window is being challenged as insufficient for book risk.

Trending ↑

Model-change materiality

Re-litigation of the 2021 EBA RTS on material changes. Banks are discovering that many "non-material" refreshes were in fact material under the new thresholds.

Trending ↑

CRR3 parallel-run evidence

New theme. Inspectors now asking to see Q1 2026 parallel runs during this year's inspections. Banks that haven't started have nowhere to hide.

The only data set that tells you what the inspector will ask.

The ECB publishes no finding-level statistics. The EBA's peer-review reports are two years lagged and polite. The Big Four have the data but do not publish it — because publishing it contradicts their premium-priced "ECB insider" pitch.

We publish it. Because once a bank sees that 11 findings on IFRS 9 staging is normal and 4 is possible, the conversation inside the bank changes. That conversation change is what we sell.

The full member-only tracker includes: bank-size-tier breakdown, country-by-country severity distribution, a rolling 3-year trend, and the top 20 "preventable" finding types with our fix playbook.

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HM
Hannan Mohammad · Founder & Managing Partner, Ezelman20+ years on the regulatory front line at European G-SIBs.
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