Europe’s banks are being pulled in two directions. Supervisors want prudence, while financial reporting standards demand neutrality.
On 11 October 2024, the European Banking Authority (EBA) launched a consultation on draft technical standards to support its new Pillar 3 data hub. This centralised hub will gather and publish prudential disclosures from financial institutions across the EU, giving stakeholders a single access point to review standardised Pillar 3 information.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
