EBA publishes final guidelines on revised Pillar 3 disclosures requirements

December 14, 2016

The European Banking Authority (EBA) published today its final Guidelines on regulatory disclosure requirements following an update of the Pillar 3 requirements by the Basel Committee in January 2015. These Guidelines represent a significant step forward in the EBA’s effort of improving and enhancing the consistency and comparability of institutions’ regulatory disclosures

The EBA published its own Guidelines to ensure the harmonisation and timely implementation of the RPF in the EU, Following the release by the Basel Committee on Banking Supervision (BCBS) of a revised version of the Pillar 3 framework (RPF). These guidelines provide further guidance and support to institutions in complying with both the CRR and the RPF requirements. 

The guidelines cover the entire content of the RPF, with the exception of securitization requirements, which are currently still under discussion at EU level.

The Guidelines apply to Globally and Other Systemically Important Institutions (G-SIIs and O-SIIs). Competent authorities may still require institutions that are neither G-SIIs nor O-SIIs to apply some or all the guidance provided for in these Guidelines when complying with the requirements in Part Eight of the CRR. The Guidelines apply from 31 December 2017, but G-SIIs are encouraged to comply with a subset of those Guidelines as soon as 31 December 2016.

Please find the full press release on the following link