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. 

EBA disclosure framework infographic

Links and documents

Technical Standards, Guidelines & Recommendations

Technical standards

Adopted and published in the Official Journal of the EU

Regulatory Technical Standards 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.

Opinions, Reports and other Publications

Opinions

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