Featured Product

    BCB Consults on Pillar 3 Disclosure Requirements in Brazil

    June 22, 2018

    BCB is consulting on the pillar 3 disclosure requirements in Brazil and the consultation ends on August 21, 2018. The proposal is in line with the Pillar 3 disclosure requirements published by BCBS. The new rules should come into force in January 2020.

    The aim is to improve comparability of risk-weighted assets of institutions and enhance transparency to approaches based on internal models. The consultation also contains all tables with disclosure requirements instituted by BCBS. The disclosure requirements created by the new "Pillar 3 Report" are organized in fixed format tables, which cannot be changed in the presentation format, and by flexible tables, through which institutions can present information in the manner they deem appropriate. In addition to establishing the new requirements in relation to the obligations, the Pillar 3 Report will consolidate requirements currently set out in specific circulars. The rules established in the Pillar 3 Report will be applied proportionally, according to the size and importance of each institution to the National Financial System. Systemically important institutions will have to submit more data while simpler institutions, in the segment S5, will be exempt from disclosures. 

     

    Related Links (in Portuguese)

    Comment Due Date: August 21, 2018

    Effective Date: January 2020

    Keywords: Americas, Brazil, Banking, Pillar 3, Disclosures, BCB

    Featured Experts
    Related Articles
    News

    MAS Concludes Blockchain Payments Prototype Shows Commercial Potential

    MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.

    July 13, 2020 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Validation Rules in July 2020

    APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    July 10, 2020 WebPage Regulatory News
    News

    PRA to Partly Apply EBA Guidelines on Disclosures for COVID Measures

    PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.

    July 10, 2020 WebPage Regulatory News
    News

    EBA Updates List of Correlated Currencies Under CRR

    EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS and FSB Set Out Recommendations for Benchmark Transition

    BCBS and FSB published a report on supervisory issues associated with benchmark transition.

    July 09, 2020 WebPage Regulatory News
    News

    IAIS Sets Out Recommendations for Benchmark Transition for Insurers

    IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.

    July 09, 2020 WebPage Regulatory News
    News

    ESMA Updates Reporting Manual on European Single Electronic Format

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF).

    July 09, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5469