Featured Product

    BCBS Updates Framework for Pillar 3 Disclosure Requirements

    December 11, 2018

    BCBS published the updated framework for Pillar 3 disclosure requirements. These requirements, along with the updates published in January 2015 and March 2017, complete the Pillar 3 framework. The implementation deadline for the disclosure requirements related to Basel III is January 01, 2022, which accords with the implementation of the Pillar 1 (minimum capital requirements) framework.

    The revised Pillar 3 framework reflects the changes and additions to the Pillar 3 framework arising from the finalization of the Basel III post-crisis regulatory reforms in December 2017. The disclosures framework covers the following areas:

    • Credit risk, operational risk, the leverage ratio, and credit valuation adjustment (CVA) risk
    • Risk-weighted assets (RWAs) as calculated by the bank's internal models and according to the standardized approaches
    • An overview of risk management, RWAs, and key prudential metrics

    The updated framework sets out new disclosure requirements on asset encumbrance and, when required by national supervisors at the jurisdictional level, on capital distribution constraints. In particular, the CVA disclosure requirements have been substantially streamlined. The implementation deadline for the disclosure requirements for asset encumbrance, capital distribution constraints, and the prudential treatment of problem assets has been extended by one year to the end of 2020. 

     

    Related Links

    Effective Date: January 01, 2022

    Keywords: International, Banking, Basel III, Pillar 3, Disclosures, BCBS

    Featured Experts
    Related Articles
    News

    BCBS Amends Guidelines on Sound Management of AML/CFT Risks

    BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).

    July 02, 2020 WebPage Regulatory News
    News

    EBA Guidelines on Treatment of Structural Foreign Exchange Under CRR

    EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).

    July 01, 2020 WebPage Regulatory News
    News

    FSB Issues Statement on Impact of COVID-19 Crisis on Benchmark Reform

    FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.

    July 01, 2020 WebPage Regulatory News
    News

    IAIS Publishes List of Internationally Active Insurance Groups

    IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.

    July 01, 2020 WebPage Regulatory News
    News

    FED Temporarily Revises FR Y-9C With Respect to PPPLF and CARES Act

    FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).

    July 01, 2020 WebPage Regulatory News
    News

    EC Launches Consultation on Review of Solvency II Directive

    EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.

    July 01, 2020 WebPage Regulatory News
    News

    ECB Consults on Supervisory Approach to Consolidation in Banking

    ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.

    July 01, 2020 WebPage Regulatory News
    News

    PRA Letter Sets Expectations on Approach to Managing Climate Risks

    PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.

    July 01, 2020 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Swap Margin Rule

    US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.

    July 01, 2020 WebPage Regulatory News
    News

    IAIS on Package for 2020 Data Collection on ICS and Aggregation Method

    IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.

    June 30, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5425