On 14 November 2024, the European Banking Authority (EBA) issued an opinion on the European Commission’s (Commission) proposed amendments to the EBA’s final draft Implementing Technical Standards (ITS) on public disclosures by institutions and supervisory reporting under the revised Capital Requirements Regulation (CRR3).

Background

On 20 June 2024, the EBA submitted to the Commission, for adoption, the draft ITS on pillar 3 disclosures. On 5 July 2024, the EBA submitted to the Commission, for adoption, the final draft ITS on supervisory reporting. On 7 and 28 October 2024, the Commission informed the EBA of its intention to endorse the draft ITSs with amendments and submitted a modified version of the ITSs.

Opinion

In the Opinion the EBA accepts the Commission’s proposal, although it considers it as an intermediate step on the basis of which both the EBA and the Commission will continue to work together to better articulate and further operationalise the ITS in accordance with the mandates under the CRR3.