Basel Committee Consults on Revisions to Pillar 3 Disclosure Framework

February 27, 2018

The Basel Committee on Banking Supervision (BCBS) has issued a consultative document on the updated framework for Pillar 3 disclosure requirements. Many of the proposed disclosure requirements are related to the finalisation of the Basel III post-crisis regulatory reforms, as well as new or revised requirements for:

  • credit risk, operational risk, the leverage ratio and credit valuation adjustment (CVA)
  • benchmarking a bank’s risk-weighted assets (RWA) calculated by its internal models with RWA calculated according to standardised approaches
  • an overview of risk management, key prudential metrics and RWA

The publication also proposes new disclosure requirements on asset encumbrance and capital distribution constraints.

Further details can be found in the full press release here.

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