BIS: Pillar 3 disclosure requirements for remuneration

Pillar 3 disclosure requirements for remuneration – final document – July 2011 – Bank for International Settlements (BIS)

  • “The objective of these additional Pillar 3 requirements on remuneration is to support an effective market discipline and to allow market participants to assess the quality of a bank’s compensation practices. These requirements should also contribute to promote a greater convergence and consistency of disclosure on remuneration. The Committee’s proposed Pillar 3 disclosure requirements on remuneration add greater specificity to the disclosure guidance on this topic that was included in the supplemental Pillar 2 guidance issued by the Committee in July 2009. The proposals cover the main components of sound remuneration practices and take full account of the Financial Stability Board’s Principles for Sound Compensation Practices and their related Implementation Standards.”
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