EBA launches consultation on Guidelines on disclosure requirements for the EU banking sector
On 29 June 2016, EBA launched a consultation on a set of Guidelines on regulatory disclosure requirements following 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. The consultation runs until 29 September 2016.
These Guidelines would in particular apply to institutions required to comply with some or all of the disclosure requirements in Part Eight of Regulation (EU) 575/2013, in accordance with Article 6, Article 10 and Article 13 of that Regulation and which have been identified by competent authorities as Global Systemically Important Institutions (GSII) or as Other Systemically Important Institutions (O-SII).
The document can be accessed by the following link: http://www.eba.europa.eu/-/eba-launches-consultation-onguidelines-on-disclosure-requirements-for-the-eu-banking-sector.