The European Banking Authority (EBA) published today a follow-up disclosure review for by 19 European banks. This is a Pillar 3 requirement, set out in the EU Capital Requirements Directive (CRD II).
Even with the extensive Basel III disclosure requirements ahead, EBA notices that there is still room for improvement. In fact, there was no improvement over the last year, a depressing note.
EBA should keep on monitoring disclosures, even though this is not the sexiest part of regulation, and the part that flat-world regulators tend to dodge. They fear bank-runs. Sure, but what happened to bank runs?
Click here for the report.