Featured Product

    BNM Consults on Pillar 3 Disclosure Requirements for Banks

    June 08, 2018

    BNM issued an exposure draft that sets out the minimum requirements on disclosure of key information related to regulatory capital and risk exposures of a financial institution. The disclosure requirements complement the minimum capital and other regulatory requirements, supervisory review process, and financial reporting. Comments are requested by August 10, 2018. The policy document shall come into effect on January 01, 2019 and shall apply to Pillar 3 disclosures for financial years beginning on or after January 01, 2019.

    The revised Pillar 3 disclosure requirements introduce common templates to improve consistency and ease of use of disclosures within and across jurisdictions. The use of common template also helps to mitigate the risk of inconsistent formats, which may undermine the objective of enhanced disclosure. The revised requirements have also been designed to be sufficiently granular and detailed to allow meaningful assessments by market participants, yet not requiring disclosure of sensitive or confidential information.The policy document is applicable to licensed banks, licensed investment banks, licensed Islamic banks, and financial holding companies.

    This policy document must be read with certain relevant legal instruments and policy documents that have been issued by BNM. These include Capital Adequacy Framework (CAF (CC)); Capital Adequacy Framework for Islamic Banks (referred to as CAFIB (CC)); Capital Adequacy Framework (Basel II – Risk-Weighted Assets/CAF (RWA)); Capital Adequacy Framework for Islamic Banks (CAFIB (RWA)); Corporate Governance; Credit Risk; Investment Account; Leverage Ratio; Liquidity Coverage Ratio; Operational Risk; Reporting Requirements for Interest Rate and Rate of Return Risk in the Banking Book; and Shariah Governance. The policy document supersedes the Risk Weighted Capital Adequacy Framework (Basel II) – Disclosure Requirements (Pillar 3), which were issued on August 01 2010 (CAF (Pillar 3)) and Capital Adequacy Framework for Islamic Banks (CAFIB) – Disclosure Requirements (Pillar 3), which was issued on August 07, 2010 (CAFIB (Pillar 3)).

     

    Related Link: Exposure Draft on Pillar 3 Disclosure (PDF)

    Comment Due Date: August 10, 2018

    Effective Date: January 01, 2019

    Keywords: Asia Pacific, Malaysia, Banking, Pillar 3, Disclosure Requirements, Reporting, Regulatory Capital, BNM

    Featured Experts
    Related Articles
    News

    APRA Publishes Proposal to Increase Transparency of Banking Data

    APRA proposed to substantially increase the volume and breadth of data it makes publicly available on authorized deposit-taking institutions, including banks, credit unions, and building societies.

    December 05, 2019 WebPage Regulatory News
    News

    ESMA Consults on Guide to Internal Controls for Credit Rating Agencies

    ESMA launched a consultation on the guidelines on internal controls for credit rating agencies (CRAs).

    December 05, 2019 WebPage Regulatory News
    News

    EU Finalizes Directive and Prudential Rules for Investment Firms

    EU published, in the Official Journal of the European Union, the Directive (2019/2034) and Regulation (2019/2033) on the prudential requirements and supervision of investment firms.

    December 05, 2019 WebPage Regulatory News
    News

    OSFI Revises Guideline on Principles for Management of Liquidity Risk

    OSFI finalized Guideline B-6 on the principles for the management of liquidity risk.

    December 05, 2019 WebPage Regulatory News
    News

    PRA Consults on Framework to Manage Outsourcing and Third-Party Risk

    PRA published a consultation paper CP30/19 that sets out proposals to modernize the regulatory framework on outsourcing and third-party risk management.

    December 05, 2019 WebPage Regulatory News
    News

    BoE, PRA, and FCA Consult to Strengthen Operational Resilience

    BoE, PRA, and FCA published a shared policy summary and coordinated consultation papers on new requirements to strengthen operational resilience in the financial services sector.

    December 05, 2019 WebPage Regulatory News
    News

    EC Amends Rule on Mapping of External Credit Assessment Institutions

    EC published the implementing regulation (EU) 2019/2028, which amends Regulation 2016/1799, regarding the mapping tables specifying correspondence between the credit risk assessments of external credit assessment institutions (ECAIs) and the credit quality steps set out in the Capital Requirements Regulation.

    December 04, 2019 WebPage Regulatory News
    News

    EBA Issues Second Part of Advice on Implementation of Basel III in EU

    EBA published the second part of its advice on the implementation of Basel III in EU, which complements the report published on August 05, 2019.

    December 04, 2019 WebPage Regulatory News
    News

    EU Approves European Council Proposal on CCP Recovery and Resolution

    EU ambassadors approved the position of European Council on a proposed framework for clearing houses and their authorities to prepare for and deal with financial difficulties.

    December 04, 2019 WebPage Regulatory News
    News

    OSFI Releases Guideline on Foreign Bank Branch Deposit Requirements

    OSFI released the final version of Guideline A-10 on foreign bank branch deposit requirements, along with guideline impact analysis statement.

    December 04, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4268