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 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: Under development

  • 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 (awaiting translation 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

  • RTS on the disclosure of encumbered and unencumbered assets

    These draft RTS set out the data that is required to be disclosed on encumbered and unencumbered assets, the format, as well as the timing of the publication. These RTS build on the EBA Guidelines on the same topic and are addressed to institutions, providing them with three disclosure templates to be completed and published, along with line-by-line instructions for completing them. Institutions will have to disclose information in accordance with these disclosure templates, and provide some additional information on the importance of encumbrance in their individual funding model.

    Status: Final draft adopted by the EBA and submitted to the European Commission

Opinions, Reports and other Publications



Other Publications