Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 6

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 6
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, shareholders and other market agents with KPIs and risk information to improve their ability of assessing the banks risk profile and capital adequacy. The timely publication of this information is considered as a booster of transparency within financial institutions and contributes to the adequate functioning of financial markets. This document should be read in conjunction with the Annexes of Pillar 3 and the Annual report, which have been published on the website (www.santander.com). On 27 June 2023, an agreement was reached between the Council of the European Union and the European Parliament on the proposal put forward by the European Commission on 27 October 2021 on the banking package. The banking package includes amendments to the Capital Requirements Regulation (CRR III) and to the Capital Requirements Directive (CRD VI).

The banking package implement the latest Basel III reforms, which underpin a robust regulatory framework, efficient supervision and enhanced risk control by credit institutions. Following the CRDVI/CRR III, the EBA was asked to work on the layer of the regulatory products that ensures a technical implementation of the prudential framework, including amendments to the disclosure requirements. On November 2024, the Regulation 2024/3172 was approved by Commission laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to public disclosures by institutions of the information referred to in Part Eight, Titles II and III, of that Regulation, that will apply from 1 January 2025. In addition, in February 2025 the EBA published its Implementing Technical Standards (ITS) on the Pillar 3 data hub (P3DH), which will centralise prudential disclosures by institutions through a single electronic access point on the EBA website from June 25. 1.2.1. Governance: policy, review and approval Grupo Santander has a formal policy on the Pillar 3 disclosures which defines the requirements, the development process, the frequency and the associated governance in accordance with the Directive 2013/36/EU, Regulation (EU) no. 2019/876 of 20 May 2019 (the EU Regulation or CRR II) amending Regulation (EU) no. 575/2013, as well as the law on supervision and capital requirements (10/2014) of the Banco de España. This policy has been prepared in compliance with the criteria established in the Guidelines on Materiality, Proprietary, Confidentiality