It defines the IT solutions and processes that large and other institutions shall follow to publish Pillar 3 information centrally in the EBA data hub..which will centralise the Pillar 3 disclosures of all EU institutions, thus allowing users to download data and visualize the Pillar 3 information.
The European Banking Authority (EBA) launched today a consultation on the Pillar 3 data hub, which will centralise prudential disclosures by institutions through a single electronic access point on the EBA website. This project is part of the Banking Package laid down in the Capital Requirements Regulation (CRR3) and Capital Requirements Directive (CRD6). This consultation runs until 11 November.
The draft Implementing Technical Standards (ITS) present the IT solutions and processes to be followed by large and other institutions when submitting their respective Pillar 3 disclosures. This includes the IT solutions to be used, the data exchange formats to be considered, the technical validations to be performed by the EBA.
The EBA welcomes feedback both from institutions and users of Pillar 3 information.
The current proposals in the consultation paper consider the feedback received from the industry on the discussion paper published in December 2023. The summary of this feedback and respective EBA analysis is included in the consultation paper.
In parallel, the EBA continues to run a pilot exercise with voluntary institutions to test the process for large and other institutions. Conclusions from the pilot exercise, together with the feedback received during this consultation, will be taken into account when finalising the draft ITS to be submitted to the European Commission for adoption.
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