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ARTICLE · 31 MAY 2016

Basel Committee Wants Pillar 3 Disclosure Requirements For TLAC

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

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In March 2016 the Basel Committee published a consultation document in which it proposes Pillar 3 disclosure requirements for the Total Loss Absorbing Capacity standard.

NetherlandsFinance and Banking
Mariken Van Loopik
Mariken Van Loopik
Francine Schlingmann
Francine Schlingmann
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In March 2016 the Basel Committee published a consultation document in which it proposes Pillar 3 disclosure requirements for the Total Loss Absorbing Capacity standard (TLAC). These requirements may also become applicable to the MREL requirement in the future. The Basel Committee further wants to change the operational risk framework, which may lead to higher minimum capital requirements and requires disclosure of historical loss data. Finally, the Basel Committee proposes to consolidate all existing Pillar 3 disclosure requirements, providing a clearer overview. Stakeholders can submit comments to the consultation by 10 June 2016.

In November 2015, the Financial Stability Board issued a Total Loss Absorbing Capacity standard (TLAC) for global systemically important banks. The Basel Committee has now suggested in a consultation document that TLAC should be included in the Pillar 3 disclosure framework, which includes disclosures on the bail-in waterfall. The TLAC

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