Transparency and Pillar 3

This page presents the activities undertaken by the EBA to promote transparency of financial institutions. According to its mandate, the EBA shall contribute to the integrity, transparency, efficiency and orderly functioning of financial markets. Disclosing to the markets an adequate picture of financial institutions' risks is key to ensuring their proper functioning as well as to building trust between market participants and the efficiency of market discipline. The EBA has been active in improving the adequacy, relevancy and comparability of disclosures, with yearly assessments, where best disclosures practices are identified, and with the promotion of principles for disclosures in time of stress. The efforts of the EBA have recently focused on Basel Pillar 3 disclosures requirements, which have been introduced into EU law through Annex XII of the CRD. The EBA has also been active in other types of disclosures linked to financial instruments, such as IFRS 7, and to other exercises such as the stress-test. The EBA will continue to develop its transparency activities to monitor the evolution of risks.

Technical Standards, Guidelines & Recommendations

  • Guidelines on disclosure of non-performing and forborne exposures

    The Guidelines specify the information related to non-performing (NPE) and forborne exposures and foreclosed assets that banks should disclose and provide uniform disclosure formats. By addressing potential asymmetries of information and providing common disclosure on the quality of banks’ assets, the Guidelines seek to foster transparency and market discipline.

    Status: Under development

  • Guidelines on disclosure requirements on IFRS 9 transitional arrangements

    These guidelines aim to increase consistency and comparability of the information on own funds and capital and leverage ratios disclosed by institutions during the transition to the full implementation of the new accounting standard, and to ensure market discipline.

    Status: Final and translated into the EU official languages

  • Guidelines on disclosure requirements under Part Eight of Regulation (EU)

    These Guidelines on regulatory disclosure requirements are based on an update of the Pillar 3 requirements by the Basel Committee in January 2015. These Guidelines are part of the EBA’s work to improve and enhance the consistency and comparability of institutions’ disclosures and aim to ensure market discipline.

    Status: Final and translated into the EU official languages

  • Guidelines on the LCR disclosure

    These Guidelines aim to specify key liquidity ratios and figures in a harmonised manner across the EU, as envisaged in Article 435 (1) CRR for the general disclosure framework which includes liquidity risk. They build on the Liquidity Coverage Ratio disclosure standards published by the Basel Committee on Banking Supervision (BCBS) in March 2014. They contain a harmonised table on liquidity risk management and harmonised templates for the LCR disclosure together with all relevant instructions.

    Status: Final and translated into the EU official languages

Opinions, Reports and other Publications

 

 

Other Publications

Reports