The Basel Committee on Banking Supervision revised its “Pillar 3” reporting that generally apply only to U.S. banking firms with more than $250 billion in assets. The revised framework will require these large institutions to make public their Pillar 3 reports, including 40 tables — some released on a quarterly basis, some semiannually and some annually — that are subject to internal review and control with senior-level attestation.
The final framework adopts many of the suggestions made by ABA when revisions were proposed last year. Significantly, implementation of the revised framework reporting was pushed back from the first quarter of 2016 to the fourth quarter.
Read the revised framework.
Read ABA’s comment letter.