On 21 June 2024, the European Banking Authority published a Final Report on draft Pillar 3 implementing technical standards (ITS) due to the Capital Requirements Directive VI and the Capital Requirements Regulation III (CRR 3).

The CRR as amended by the CRR 3 mandates the EBA, in articles 434a, to develop draft ITS to specify uniform disclosure formats, and IT solutions, including instructions, for disclosure requirements under Titles II and III of the CRR.

The draft ITS constitute the first Pillar 3 deliverable included in the EBA Roadmap on strengthening the prudential framework published in December 2023. Later this year, the EBA will complement these draft ITS with the CRR 3 disclosure requirements that are not directly linked to Basel III implementation, in particular the extension of the disclosure requirements on ESG risks to all institutions in accordance with the proportionality principle, and new disclosure requirements on shadow banking.