Implementing Technical Standards on amended disclosure requirements for ESG risks, equity exposures and aggregate exposure to shadow banking entities
- Status: Final draft RTS/ITS adopted by the EBA and submitted to the European Commission
The draft Implementing technical Standards (ITS) on proposed amendments to the European Commission’s Implementing Regulation on Pillar 3 disclosures under the CRR3, specifies enhanced and proportionate disclosure requirements related to ESG-related risks, equity exposures and aggregate exposure to shadow banking entities. The standards will amend the comprehensive ITS on institutions’ public disclosures, in line with the strategic objective of developing a single and comprehensive Pillar 3 package that should facilitate implementation by institutions and further promote market discipline.