CEBS publishes a report on the regulatory implications of Pillar 3
The Committee of European Banking Supervisors (CEBS) has published today the findings of a survey it has carried out with regard to regulatory implementation of disclosures by credit institutions as set out in chapter 5 of Directive 2006/48/CE which transposes the Basel Pillar 3 requirements into EU legislation. CEBS’s survey provides an overview of the situation in the EU. The findings and the discussions within CEBS and with the industry reveal that the implementation of the Pillar 3 provisions does not give rise to major concerns. The findings of the note have been discussed with industry representatives during a workshop on Pillar 3 issues held on 7 December 2007.