Basel Committee unveils ‘streamlined’ disclosure requirements

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The Basel Committee on Banking Supervision has unveiled the final piece of its Pillar 3 disclosure framework, making some important changes to parts of the proposals after criticism from industry players.

Published on December 11, the final standard reflects feedback on a consultation launched in February.

In particular, the Basel Committee said it had “substantially streamlined” the framework for credit valuation adjustment (CVA) disclosures. The updated framework also includes new

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