Pillar 3 supervision converging
The European Banking Authority (EBA) has published a peer review of how national supervisors have overseen compliance with Pillar 3 bank disclosure requirements from June 2023 to June 2025, with the findings largely positive.
Pillar 3 forms part of the EU’s prudential framework: banks must publicly disclose information on their risks, capital and liquidity so that markets can assess their health for themselves, under requirements set out in the Capital Requirements Regulation (CRR) and the Bank Recovery and Resolution Directive (BRRD).
The EBA’s review found that most competent authorities have fully or largely embedded Pillar 3 requirements into their supervisory frameworks, with four implementing them to a very high standard. One authority was rated “partially applied” across all benchmarks, and another received mostly “not applied” ratings, having no formal methodologies to assess compliance on the view that Pillar 3 non-compliance poses limited financial stability risk.
Pillar 3 disclosures are already feeding structured, machine-readable data in XBRL-CSV format into the EBA’s Pillar 3 Data Hub, which went live in January 2026 for large institutions, with smaller banks to follow. Consistent supervision of disclosure quality across jurisdictions will help determine how comparable and reliable that data is for markets.
Read more here.
