EBA Publishes Follow-Up Review of Banks’ Transparency in Pillar 3 Reports

The European Banking Authority has reported on its findings from a follow-up assessment of banks’ disclosures made in response to the Pillar 3 requirements set out in the Capital Requirements Directive. The report indicates areas where banks have improved their disclosures and other areas where further impvoement is needed. The EBA singles out disclosures by specific banks in various areas that it considers to represent "best practices."

Following this report, the EBA intends to implement a strategy for enhanced transparency, and aims to continue to identify best practices for public disclosures, with a view to consulting and engaging with the industry where necessary.