Pillar 3 Framework

Further to the release of a revised version of the Pillar 3 framework ("RPF") by the Basel Committee on Banking Supervision in January 2015, the European Banking Authority ("EBA") published a final report on Guidelines on disclosure requirements under Part Eight of Regulation (EU) 575/2013 on prudential requirements for credit institutions and investment firms ("CRR").

These Guidelines provide guidance on these disclosures from a presentational aspect (tables and templates are provided). Indeed, due to the differences between the Basel Pillar 1 framework and the CRR, the RPF presents areas of misalignment with Part Eight of the CRR.

In a Press Release dated 19 January 2017, the Commission de Surveillance du Secteur Financier ("CSSF") draws the attention of the industry to this publication.

The CSSF also reminds the...