Enhancements to Pillar 3 disclosure framework

March 29, 2017

The Basel Committee on Banking Supervision has issued Pillar 3 disclosure requirements – consolidated and enhanced framework. This standard represents the second phase of the Committee’s review of the Pillar 3 disclosure framework.

The enhancements in the standard contain three main elements:

  • Consolidation of all existing Basel Committee disclosure requirements into the Pillar 3 framework
  • introduction of a “dashboard” of banks’ key prudential metrics and a new disclosure requirement for banks which record prudent valuation adjustments
  • updates to reflect ongoing reforms to the regulatory framework

The implementation date for each of the disclosure requirements is set out in the standard.

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