The European Banking Authority (EBA) has opened a public consultation on proposed amendments to Pillar 3 disclosure requirements under CRR3.
The updates aim to simplify ESG risk reporting, equity exposure disclosures, and transparency around shadow banking, particularly for smaller and non-listed banks.
No new requirements are introduced for large listed institutions. Instead, the EBA is focused on proportionality, offering simplified templates and transitional measures to ease implementation. The approach aligns with the European Commission’s Omnibus proposal to cut ESG reporting costs across the sector.
To support adoption, the EBA has proposed supervisory flexibility, including a no-action letter discouraging strict enforcement of new ESG templates until the updated rules apply. The authority is also providing an updated mapping tool between Pillar 3 and supervisory reporting.
The consultation closes on 22 August 2025. A public hearing will take place online on 26 June.
The proposals are part of a broader CRR3 framework that extends ESG disclosure obligations to all institutions and harmonises requirements across shadow banking and equity exposures.
For more, visit RegTech Analyst
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
