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.