Dashboard pillars prepped for quarterly reset
The wheels are turning on a promised refresh of "pillar 3" quarterly disclosure requirements for banks.The Basel Committee on Banking Supervision last night published a consultative document on a "consolidated and enhanced framework."APRA requires all ADIs in Australia to publish this data quarterly following a parochial version of the international standard.The BCBS said the new framework adds a "dashboard" of key metrics, requires the disclosure of "hypothetical risk-weighted assets" calculated on a formula "based on the Basel framework's standardised approaches" and improved "granularity for disclosure of prudent valuation adjustments."There are "additions to the pillar 3 framework to reflect ongoing reforms to the regulatory framework," the BIS said. These include:• the total loss-absorbing capacity regime for global systemically important banks;• a revamped operational risk framework; and• the final standard for market risk.The BCBS has asked for comments by Friday 10 June 2016.