EBA kicks off onboarding for Pillar 3 Data Hub
The European Banking Authority (EBA) recently rolled out its onboarding plan for institutions required to submit to the new Pillar 3 Data Hub (P3DH) – setting the stage for this enhanced reporting framework. The centralised platform will become the go-to place for Pillar 3 disclosures, with institutions now able to see exactly when it will be implemented.
The onboarding guide maps out everything from account setup to submission timelines via the EUCLID platform, where Pillar 3 disclosures will be submitted.. A phased rollout, comprehensive guidance, and a new help desk aim to smooth the journey. The EBA is also releasing a living FAQ document to assist institutions as they navigate the new requirements. Institutions can continue business as usual in 2025, but by year-end, the P3DH goes live, and digital disclosure takes centre stage.
For the first time, the prudential data that banks are obliged to make public will be available in one place, allowing institutions, regulators, and the public to explore, compare, and benchmark prudential data across entities and over time. It’s a big step for transparency and accessibility in financial disclosures, a key goal of the CRR3 package and long-time priority for the EBA.
From our perspective, this is a milestone in modern digital regulation. Centralised, standardised, machine-readable data? Yes, please. It’s the kind of practical implementation that drives real-world impact.
Read the onboarding plan and timeline here.
