Pillar 3 disclosures: looking back and looking forward

Quarterly Bulletin 2017 Q3
Published on 15 September 2017

By Patrick Calver and Jennifer Owladi

  • Public disclosure by banks and insurers of information about their financial position, risk profile and corporate governance practices is an important component of a well-functioning financial system.
  • Inadequate disclosures contributed to the financial crisis. As a consequence, improving banks’ and insurers’ disclosures has been a major focus of post-crisis regulation.
  • This article takes stock of the enhancements made to Pillar 3 disclosures since the financial crisis, and considers what progress could be made in the future.

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