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

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