Pillar 3 updates under CRR 3

In July 2024, the Capital Requirements Regulation (CRR3) came into force, introducing new enhanced disclosure requirements under Pillar 3. In February 2025, the European Commission (EC) presented the Omnibus proposal to harmonize sustainability obligations. Now, the European Banking Authority (EBA) has published the Implementing Technical Standards (ITS) updating Pillar 3 to adapt it to these new regulatory developments. These ITS will apply from December 31, 2026.

Pillar 3 updates under CRR 3 (EN)

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Executive summary

The ITS published by the EBA extend the Pillar 3 ESG disclosure requirements to more institutions, adopting a proportional approach and aligning reporting with the European sustainability framework. They also incorporate some adjustments to the disclosure of other types of exposures (shadow banking, equity and credit quality by industry).

These ITS will apply from December 31, 2026. Large listed institutions will continue to use the current disclosure framework until December 2026, except for Taxonomy templates, which will remain suspended until then.

Main content

The main changes to the disclosure framework are summarized below:

• ESG disclosure. Disclosure requirements have been extended proportionally to all institutions, taking into account their size and complexity. Cross-references to the Taxonomy Regulation templates are incorporated. The ESG templates have also been updated to improve the clarity of information on sectoral emissions and physical risks, as well as to increase the alignment of the scope with the disclosure requirements of the Taxonomy, the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), simplifying compliance and reducing the administrative burden.
• Disclosures on shadow banking, equity and credit quality. A new template on aggregate exposure to shadow banking entities has been introduced. In addition, the templates for disclosing  equity capital requirements have been updated to align with the new CRR3 requirements. The sectoral credit quality template has also been adjusted to reflect the new NACE classification for economic activities (NACE Rev. 2.1).

Access the technical note on Pillar 3 updates under CRR 3.