APPENDIX – Banks’ risk disclosure requirements

The Basel Committee undertook a major revision of Pillar 3 to address transparency problems that were uncovered during the 2008 global financial crisis. Pillar 3 requires banks to publish information about their own operations. They must do so to enable potential counterparties to better assess their financial position and risk-taking. The revision of Pillar 3 was finalised at the end of 2018 and will be implemented from 1 January 2023.

Published: 3 November 2022