EBA · 2023_6888 Rejected question

Pillar 3 reporting obligations

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
449a
Topic
Transparency and Pillar 3
Submitted by
Credit institution
Submitted
2023-09-15

Question

Within the Pillar III disclosures, there are specific sectors that have a handful of dominant companies (3 or less) where the financial institutions have to disclose data for these specific NACEs separately. Would the above Eurostat-confidentiality rules stand within the Pillar III disclosures?

Background

In line with the Pillar III reporting obligations, the financial institutions are disclosing company-related information in a tabular format according to the specific sector. Nevertheless, a Eurostat publication on Statistical Disclosure Control (a chapter from the European Business Statistics Manual) notes that “it is always required that the value in the table represents at least 3 observations. Values based on 1 or 2 observations are confidential.” Moreover, the publication also states that “in business statistics, the distribution of the target variable is often skewed: there are only a few big companies and also within a particular cell, 1 or 2 companies might be dominant. This would make it easy to disclose the information on the dominant company with a high level of accuracy. For this reason also, cells with dominant companies are confidential.” The Eurostat report provides a table with confidentiality rules that needs to be conform with when publishing company-related data (refer to attached document).
No answer published yet.

Original source: European Banking Authority, Q&A ID 2023_6888

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