The Basel Committee on Banking Supervision (Basel Committee) has issued a consultation document on revisions to the Pillar 3 disclosure framework.
The proposals include:
- the addition of a ‘dashboard’ of key metrics;
- disclosure of hypothetical risk-weighted assets calculated based on the Basel framework’s standardised approaches, and
- enhanced granularity for disclosure of prudent valuation adjustments.
The proposals also incorporate additions to the Pillar 3 framework to reflect ongoing reforms to the regulatory framework. These include disclosure requirements for:
- the total loss-absorbing capacity for global systemically important banks;
- the proposed operational risk framework; and
- the final standard for market risk.
The deadline for comments is 10 June 2016.
View BCBS consults on revisions to Pillar 3 disclosure framework, 11 March 2016