OREANDA-NEWS. The Basel Committee on Banking Supervision has today issued for consultation Pillar 3 disclosure requirements - consolidated and enhanced framework. Pillar 3 of the Basel framework seeks to promote market discipline through regulatory disclosure requirements. The proposed enhancements issued today include:

  • the addition of a "dashboard" of key metrics,
  • a draft disclosure requirement of hypothetical risk-weighted assets calculated based on the Basel framework's standardised approaches, and
  • enhanced granularity for disclosure of prudent valuation adjustments.

Today's proposal also incorporate additions to the Pillar 3 framework to reflect ongoing reforms to the regulatory framework. These include, for example, disclosure requirements for:

The Committee's proposal would also consolidate all existing Pillar 3 disclosure requirements of the Basel framework, including the leverage ratio and liquidity ratios disclosure templates. Together with the Revised Pillar 3 disclosure requirements issued in January 2015, the proposed disclosure requirements included in this consultation would comprise the single Pillar 3 framework.