Today’s publication of draft implementing technical standards is a key milestone in the implementation of the latest Basel III disclosure reforms laid down in the new Banking Package.
The new ITS implement the CRR 3 disclosure requirements on output floor, credit risk, market risk, CVA risk, operational risk and a transitional disclosure on exposures to crypto-assets.
The alignment of the disclosure requirements with the Basel III framework and its integration with supervisory reporting will promote comparability and consistency of the information.
