BCB Publishes Circular on Pillar 3 Disclosure Requirements
BCB issued Circular No. 3.930 to broaden the scope and standardize the qualitative and quantitative information disclosed by financial institutions on calculation of capital, compliance with prudential limits, and management of risk. These disclosures will form part of the "Pillar 3 Report." For access to the information to be as simple and broad as possible, the disclosures should be published in a standardized open format to enable automated data capture, thus facilitating the use of information by investors, researchers, and other stakeholders. The circular takes effect from January 01, 2020.
The new rules are based on two BCBS-published documents—"Revised Pillar 3 disclosure requirements” (published in 2015) and “Pillar 3 disclosure requirements – consolidated and enhanced framework” (published in 2017). In addition to adding new disclosure requirements in relation to the current transparency obligations, the circular consolidates requirements that are currently dispersed in other regulations. The disclosure requirements established in the Pillar 3 Report are organized into tables with fixed format for quantitative information and tables with flexible format for qualitative information.
Related Links (in Portuguese)
Effective Date: January 01, 2020
Keywords: Americas, Brazil, Banking, Pillar 3, Basel III, Reporting, Circular 3930, Disclosures, BCBS, BCB
Previous Article
IMF Publishes Reports on 2018 Article IV Consultation with SloveniaRelated Articles
|
News
EBA Report Assesses Regulatory Framework for Fintech ActivitiesEBA published the findings of its analysis on the regulatory framework applicable to fintech firms when accessing the market.
July 18, 2019
WebPage
Regulatory News
|
|
News
OSFI Revises Capital Requirements for Operational Risk for BanksOSFI is revising its capital requirements for operational risk, in line with the final Basel III revisions published by BCBS in December 2017.
July 18, 2019
WebPage
Regulatory News
|
|
News
OSFI Consults on Revised Principles for Management of Liquidity RiskOSFI proposed revisions to Guideline B-6 on the principles for the management of liquidity risk.
July 18, 2019
WebPage
Regulatory News
|
|
News
ESMA Guidance on Disclosures for Credit Rating Sustainability IssuesESMA published the technical advice on sustainability considerations in the credit rating market, along with the final guidelines on disclosure requirements applicable to credit ratings.
July 18, 2019
WebPage
Regulatory News
|
|
News
FASB Issues Q&A on Estimation of Expected Credit Losses by FirmsFASB issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to the Accounting Standards Update No. 2016-13 titled “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.”
July 17, 2019
WebPage
Regulatory News
|
|
News
US Agencies Delay Enforcing Volcker Rule Restrictions on Foreign FundsUS Agencies (FDIC, FED, and OCC) announced that they will not take action related to restrictions under the Volcker Rule for certain foreign funds for an additional two years.
July 17, 2019
WebPage
Regulatory News
|
|
News
SRB Announces SRF Receives Cash Injection, Grows to EUR 33 billionSRB announced that the Single Resolution Fund (SRF or the Fund) received a cash injection of EUR 7.8 billion from 3,186 institutions in 2019, bringing the total amount in the Fund to about EUR 33 billion.
July 17, 2019
WebPage
Regulatory News
|
|
News
FASB to Propose to Delay CECL Compliance Deadline for Certain EntitiesFASB published a summary of the tentative decisions taken at its Board meeting in July 2019.
July 17, 2019
WebPage
Regulatory News
|
|
News
IMF Publishes Report on 2019 Article IV Consultation with VietnamIMF published its staff report in context of the 2019 Article IV consultation with Vietnam.
July 16, 2019
WebPage
Regulatory News
|
|
News
European Parliament Elects Next President of European CommissionEuropean Parliament elected Ursula von der Leyen from Germany as the first female President of the next European Commission for a five-year term from November 01, 2019.
July 16, 2019
WebPage
Regulatory News
|
