Transparency and Pillar 3
This page presents the policy work undertaken by the EBA to promote transparency and enhanced public disclosures by financial institutions in order to reinforce market discipline.
Following the recent updates to the regulatory frameworks for credit institutions and investment firms, and the publication in 2018 of the European Commission’s action plan on sustainable finance, the EBA is implementing a new policy strategy on institutions’ Pillar 3 disclosures that seeks to increase efficiency of institutions’ disclosures and reinforce market discipline by developing a comprehensive framework with consistent and comparable disclosures. In addition, the EBA aims to promote transparency on Environmental, Social or Governance (ESG) risks, encouraging institutions to strengthen their management of these risks and promoting awareness of their key role in the transition to a green economy.
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Links and documents
- Pillar 3 data hub
- Roadmap on the implementation of the EU Banking Package
- BCBS Pillar 3 framework
- EBA risk reduction package roadmaps
- EBA supervisory reporting framework
- EBA Transparency exercise
- EBA action plan on sustainable finance
- EBA roadmap on investment firms
- Mapping tool| version with track changes(Updated 23 May2022)
- Factsheet - ESG disclosures|Infographic - ESG disclosures for financial institutions|Infographic - Summary of ESG disclosures Pillar 3
Technical Standards, Guidelines & Recommendations
Technical standards
Under consultation
Implementing Technical Standards on public disclosures by institutions of the information on operational risk
Under consultation
Implementing Technical Standards on tasks of collection bodies and certain functionalities of the ESAP
Implementing Technical Standards on institutions’ public disclosures of the information referred to in Titles II and III of Part Eight of Regulation (EU) No 575/2013
Adopted and published in the Official Journal of the EU
Implementing Technical Standards on disclosure of information on exposures to interest rate risk on positions not held in the trading book
Adopted and published in the Official Journal of the EU
Regulatory Technical Standards on disclosure of investment policy by investment firms
Final draft RTS/ITS adopted by the EBA and submitted to the European Commission
Joint Regulatory Technical Standards on content and presentation of sustainability disclosures
Adopted and published in the Official Journal of the EU
Implementing Technical Standards (ITS) on prudential disclosures on ESG risks in accordance with Article 449a CRR
Final draft RTS/ITS adopted by the EBA and submitted to the European Commission
Implementing Technical Standards on disclosure of indicators of global systemic importance by G-SIIs
Adopted and published in the Official Journal of the EU
Implementing Technical Standards on reporting of MREL decisions
Technical standards on reporting and disclosures for investment firms
Guidelines
Under development
Guidelines on national lists or registers of credit services
Final and translated into the EU official languages
Guidelines amending disclosure guidelines
Final and translated into the EU official languages
Guidelines on supervisory reporting and disclosure requirements in compliance with CRR “quick fix” in response to the COVID‐19 pandemic
Guidelines on Covid -19 measures reporting and disclosure
Final and translated into the EU official languages
Guidelines on disclosure of non-performing and forborne exposures
Final and translated into the EU official languages
Guidelines on disclosure requirements on IFRS 9 transitional arrangements
Guidelines on disclosure requirements under Part Eight of Regulation (EU)
Final and translated into the EU official languages
Guidelines on the LCR disclosure
Final and translated into the EU official languages
Guidelines on materiality, proprietary and confidentiality and on disclosure frequency
Guidelines on disclosure of encumbered and unencumbered assets
Opinions, Reports and other Publications
Opinions
26 January 2023
EBA-Op-2023-01 (Opinion of the EBA on the draft ESRS).pdf
Opinion of the EBA on the draft European Sustainability Reporting Standards (ESRS)
17 October 2022
Opinion on EC’s amendments to final draft ITS on prudential disclosures on ESG risks.pdf
Opinion on the European Commission’s proposed amendments to the EBA final draft implementing technical standards on prudential disclosures on ESG risks in accordance with Article 449a CRR
1 March 2021
EBA Opinion - Advice to EC on Disclosures under Article 8 Taxonomy Regulation.pdf
Opinion - Advice to EC on Disclosures under Article 8 Taxonomy Regulation
Decisions
18 July 2023
EBA DC 498 - Decision on institutions ESG data adhoc collection.pdf
Decision on institutions ESG data ad-hoc collection
Reports
28 September 2023
Joint ESAs’ Report on the extent of voluntary disclosure of principal adverse impact under the SFDR.pdf
Joint ESAs’ Report on the extent of voluntary disclosure of principal adverse impact under the SFDR
13 December 2022
EBA Roadmap on Sustainable Finance.pdf
The EBA roadmap on sustainable finance
28 July 2022
JC 2022 35 - Joint ESAs Report on the extent of voluntary disclosures of PAI under SFDR.pdf
Joint ESAs’ Report on the extent of voluntary disclosure of principal adverse impact under the SFDR
1 March 2021
Report - Advice to COM_Disclosure Article 8 Taxonomy.pdf
Report - Advice to EC on Disclosures under Article 8 Taxonomy Regulation
2 March 2020
Report on institutions' Pillar 3 disclosures.pdf
EBA Report on assessment of institutions’ Pillar 3 disclosures
27 November 2015
EBA Report on banks' transparency.pdf
EBA follow-up report on banks’ transparency in their 2014 pillar 3 reports
9 December 2013
Follow-up report on Pillar 3 disclosures.pdf
European Banking Authority Report - Follow-up review of banks’ transparency in their 2012 Pillar 3 reports (9 December 2013)
12 October 2012
Follow-up-review-of-banks-transparency-in-their-2012-Pillar-3-report.pdf
European Banking Authority Report - Follow-up review of banks ‘transparency in their 2011 Pillar 3 report (12 October 2012)
30 June 2010
Transparency_AR2009.pdf
Committee of European Banking Supervisors Report - Assessment of banks' transparency in their 2009 audited annual reports (30 June 2010)
30 June 2010
Transparency_Pillar3.pdf
Committee of European Banking Supervisors Report - Follow-up review of banks' transparency in their 2009 Pillar 3 reports (30 June 2010)
Other publications
29 July 2022
EBA responses to EFRAG consultations.pdf
EBA responses to EFRAG consultation
29 July 2022
Letter to EFRAG on ED ESRS 1-2-E1.pdf
Letter on EBA comments to the EFRAG consultation
29 July 2022
Letter to ISSB on ED IFRS S1-S2.pdf
Letter on EBA comments to the ISSB consultation
10 May 2013
EBA-BS-2012-069---Questionnaire-on-the-identification-of-users-investors-needs----FINAL.pdf
European Banking Authority questionnaire - Questionnaire on the users/investors needs on credit institutions Pillar 3 disclosures (4 April 2012)
4 April 2012
EBA-BS-2012-069--Questionnaire-on-the-identification-of-users-investors-needs----FINAL.doc
European Banking Authority questionnaire - Questionnaire on the users/investors needs on credit institutions Pillar 3 disclosures (4 April 2012) (Word document)
