European Banking Authority launches Pillar 3 Data Hub consultation

The European Banking Authority (EBA) launched on Friday, the 11th of October, 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 11th of November.

Continue reading for gaining insights on the tentative implementation timeline and the implications for banks.