Pillar III Information

Information – Cassa di Risparmio di Bolzano Group

On 1st January 2014, the new prudential supervisory regulations for banks and banking groups came into force in the countries of the European Union, transposing the international regulatory framework for strengthening banks and banking systems defined by the Basel Committee on Banking Supervision in December 2010 (so-called ‘Basel III’).

The above provisions were introduced in the European Union:

  1. a) by Regulation (EU) 26/6/2013 No. 575 (“Capital Requirements Regulation” – CRR);
  2. b) by Directive (EU) 26/6/2013 No. 36 (“Capital Requirements Directive” – CRD IV).

With regard to public disclosure (Pillar 3), published in the annex, the new prudential supervisory provisions stipulate, like their predecessors and in order to strengthen market discipline, that banks and banking groups are required to publish information that comprehensively represents their capital adequacy level and risk profile to the market.

The aforementioned disclosure requirements are prescribed by the CRR Regulation, while the guidelines published by the European Banking Authority on 23/12/2014 provide guidance on relevance, exclusivity, confidentiality and frequency of the information to be published.