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Overview of Basel Committee’s Revised Pillar 3 Disclosures

The Basel Committee has finalized its standard revising the Pillar 3 capital disclosures applicable to internationally active banks. Pillar 3 of the Basel framework aims to promote market discipline through qualitative and quantitative regulatory disclosure requirements, whereas Pillar 1 encompasses the framework of risk-based capital ratios and other quantitative requirements. Pillar 3 was first introduced in 2004 as part of Basel II and revised in 2009 as part of Basel 2.5. The newly finalized revisions will take effect concurrent with banks’ year-end 2016 financial reporting, superseding the earlier Pillar 3 standards (although other disclosure standards, such as the Basel III leverage ratio disclosure requirements published in January 2014, remain in force).…  Read More

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