Banking, finance & capital markets
26 January 2015
The CSSF issued on 19 January 2015 a press release regarding the publication by the European Banking Authority (EBA) of published three sets of final guidelines related to the information that institutions in the EU banking sector should disclose under Pillar 3 (i.e. Part Eight of the Capital Requirements Regulation (EU) No 575/2013 – CRR) (the “Guidelines”). Such Guidelines deal with how institutions should apply the concepts of materiality, proprietary nature and confidentiality in relation to the disclosure requirements. They also cover how they should assess the frequency of disclosures. The purposes of these Guidelines are to enhance consistency in disclosure practices across the EU and are part of the EBA’s work to ensure transparency in the EU banking sector.