The FDR Framework requires disclosure of each financial institution's current asset and liability-level data.
It estimated that the eurozone debt crisis has directly cost banks in the European Union €200bn since Greece's debt crisis erupted. Of this, €60bn comes from sovereign debt in Greece, €20bn from Ireland and Portugal, and €120bn from Belgium, Spain and Italy.
The IMF estimated that there was a further €100bn in additional costs linked to the banks of those six countries.
"This estimate does not measure the capital needs of banks, which would require a full assessment of bank balance sheets and income positions. Rather, it seeks to approximate the increase in sovereign credit risk experienced by banks over the past two years," the global lender said.
The fund said that while the numbers are "based on market assessments of credit risk, which may reflect a degree of overshooting, the underlying problems that they highlight are real".