Featured Product

    BCB Publishes Circular on Pillar 3 Disclosure Requirements

    February 15, 2019

    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

    Featured Experts
    Related Articles

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News

    UK Authorities Issue Regulatory and Reporting Updates for Banks

    The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.

    June 15, 2022 WebPage Regulatory News

    BaFin Consults on Resolvability Requirements for Resolution Planning

    The Federal Financial Supervisory Authority of Germany (BaFin) proposed to amend the “Capital Investment Conduct And Organization Ordinance” and issued a draft circular on the minimum resolvability requirements for resolution planning.

    June 10, 2022 WebPage Regulatory News

    EBA Consults on Certain Standards and Guidelines Under CRR and BRRD

    The European Banking Authority (EBA) proposed guidelines, for the resolution authorities, on the publication of the write-down and conversion and bail-in exchange mechanic, with the comment period ending on September 07, 2022.

    June 08, 2022 WebPage Regulatory News

    OJK Publishes Regulatory Updates for Financial Sector Entities

    The Financial Services Authority of Indonesia (OJK) is strengthening cooperation with the Australian Prudential Regulation Authority (APRA) and the Japanese Financial Services Agency (JFSA)

    June 03, 2022 WebPage Regulatory News

    EU Publishes Rules on DLT and Data Governance

    The European Parliament and the Council published Regulation 2022/868 on European data governance (Data Governance Act).

    June 03, 2022 WebPage Regulatory News

    EBA Publishes Phase 2 of Reporting Framework 3.2

    The European Banking Authority (EBA) published phase 2 of its reporting framework 3.2. The technical package supports the implementation of the updated reporting framework by providing standard specifications

    June 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8267