On 5 December 2025, the Basel Committee on Banking Supervision (Basel Committee) issued a consultation paper on a standard format for machine-readable disclosures by banks.

The Basel Committee is proposing to move towards Pillar 3 disclosures in machine-readable standardised formats across its member jurisdictions. The proposed standard would introduce a requirement and technical specifications to produce machine-readable quantitative Pillar 3 disclosures, without changing the material disclosure requirements for banks.

The proposed standard requires additional technical templates for furnishing metadata such as the identity of the bank, the reporting currency and unit that were previously included in the qualitative part of the Pillar 3 disclosure report in a formal way, as well as a uniform resource locator (URL) of the human-readable disclosure report(s).

Banks publishing Pillar 3 disclosures on their own websites would be required to provide their supervisor with the base URL of the webpage hosting the disclosure data. In jurisdictions where the supervisor opts for Pillar 3 disclosure via a centralised repository, the proposed changes and additions to the standard would be applicable to the centralised repository rather than to banks.

The Basel Committee envisages that the proposed standard would not increase the burden on banks in jurisdictions where machine-readable Pillar 3 disclosures are already required. Rather, existing approaches would be integrated into the proposed global standard.

Next steps

The deadline for comments on the consultation is 5 March 2026.