Regulatory Alerts2015-12-07
Directive 11/2015: Revised Pillar 3 Disclosure Requirements
The Office of the Registrar of Banks issued Directive 11/2015 to mandate that all banks implement the Basel Committee on Banking Supervision's revised Pillar 3 disclosure requirements. Banks are required to publish their first compliant report with their 2016 annual financial statements, ensuring disclosures are clear, comprehensive, and comparable across institutions. The directive further specifies implementation timelines, archive periods, presentation formats, and internal assurance responsibilities for these prudential disclosures.
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