On 12 October 2022, the European Banking Authority (EBA) issued a press release stating that given the overlap with the Implementing Technical Standards (ITS) on Pillar 3 disclosure it was repealing the:
- Guidelines on disclosure requirements under Part Eight of the Capital Requirements Regulation (CRR) (EBA/GL/2016/11).
- Guidelines on liquidity coverage ratio disclosure to complement the disclosure of liquidity risk management (EBA/GL/2017/01).
- Guidelines on disclosure of encumbered and unencumbered assets (EBA/GL/2014/03).
The EBA is also amending the guidelines on disclosure of non-performing and forborne exposures to clarify that they will continue to apply to listed small- and non-complex institutions and to other medium-sized institutions that are non-listed. The EBA has updated the guidelines as the ITS on Pillar 3 disclosures specify disclosure requirements on non-performing and forborne exposures that are applicable only to large and other listed institutions per Article 442 of the CRR. The EBA is of the view that such limited scope of application of these disclosure requirements compromises the access by external stakeholders to relevant information on credit quality of exposures of small and non-complex institutions and other non-listed institutions. The updated guidelines will apply from 31 December 2022.
