EBA Published Final Drafts of Pillar III and EBA 3.00 Framework Templates

June 24, 2020  European Banking Authority (EBA) published new Implementing Technical Standards (ITS) on Pillar III public disclosures by institutions and final draft ITS on supervisory reporting that implements changes introduced in the revised Capital Requirements Regulation (CRR2) and the Prudential Backstop Regulation.

The disclosure ITS improve the Pillar 3 policy framework by providing a single package that brings together all previous regulations and incorporates all prudential disclosures, thus facilitating implementation by institutions and improving clarity for users of such information. The CRR2 definitions for ‘small and less complex institutions’ and ‘large institutions’ support proportionality of Pillar 3 disclosures. In addition, the ITS include thresholds to trigger additional disclosures for large banks based on their risk profiles.

The reporting ITS include new reporting requirements on counterparty credit risk and net stable funding ratio, non-performing exposures minimum coverage and changes to different areas of reporting, including own funds, credit risk, large exposures, leverage ratio, FINREP and G-SII indicators.

The first disclosure and reporting reference dates will be 30 June 2021.

The publication of the corresponding reporting technical package, including the Data Point Model (DPM), validation rules and XBRL taxonomy, is expected by the end of summer 2020.

The two ITS have been developed promoting consistency of quantitative data, and a revised version of the mapping between disclosure and reporting will be provided in order to facilitate compliance by institutions and to improve the quality of the information disclosed. Both of the final draft ITS were submitted to the European Commission for adoption.

For more information please visit: EBA website.

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