The European Banking Authority (EBA) has proposed changes to the Pillar III Disclosure Framework. The proposal seeks to address silo-based reporting and alignment of disclosures under an all-inclusive ITS whilst implementing regulatory changes introduced by CRR II and the BCBS revised Pillar IIII disclosure framework, therefore affiliating the disclosure framework with international standards.
The EBA Roadmap on Pillar III Disclosures will be published in Q4 2019 outlining major areas of reform:
- EBA Pillar III Strategy
- Delivery Timeline
- Requirements and Guidelines (Titles II and III Part Eight of the CRR)
- Deliverables for implementation.