Pillar III Disclosure Report

30.09.2024

The Pillar III Disclosure Reports until and including 2013 were disclosed to fulfil regulatory disclosure requirements based on the “Basel II” rules, implemented in the European Union (EU) by the Directives 2006/48/EC and 2006/49/EC (commonly known as “Capital Requirement Directives” or “CRD”).

As of 1 January 2014 the Pillar III Disclosure Report, produced annually, is to fulfil regulatory disclosure requirements based on Pillar III of the revised banking framework “Basel III” introduced by the Basel Committee on Banking Supervision. The current requirements for Clearstream Holding AG as the superordinated company of the financial holding group including its subsidiaries that are impacted by the Regulation (EU) No 575/2013 (commonly known as “Capital Requirement Regulation” or “CRR”) arise from Part 8 of the CRR and § 26a (1) of the German Banking Act (KWG).

As of 1 January 2018, Clearstream Banking S.A., Luxembourg, (CBL) is classified as an “Other Systemically Important Institution” (O-SII). This is in line with the EBA Guidelines 2014/10 “on criteria to determine the conditions of application of Article 131(3) of Directive 2013/36/EU (CRD) in relation to the assessment of other systemically important institutions (O-SIIs)” and CSSF Regulation N° 18-06. Due to this classification, CBL is required to comply with the EBA Guidelines 2016/11 “on disclosure requirements under Part Eight of Regulation (EU) No 575/2013”.