Banks should do more to meet Basel disclosures, EBA says

canary-wharf-skyline-2-london-uk-oct-2012
The EBA is based at London's Canary Wharf

Banks need to do more to improve the quality of their disclosures, according to an assessment by the European Banking Authority (EBA).

The report on banks' ‘Pillar 3' disclosures under the European Union's Capital Requirements Regulation (CRR), published on November 27, found room for improvement in every area of disclosure it examined – namely those that changed with the introduction of the CRR in January 2014.

The development of standardised formats has helped somewhat, the EBA noted.

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