Pillar 3 disclosure requirements for remuneration

On 1 July, 2011, the Basel Committee on Banking Supervision issued final Pillar 3 disclosure requirements for remuneration.

The disclosure requirements build on the comments received from the consultation in December 2010 and the supplemental Pillar 2 guidance issued in July 2009.

The Basel Committee intends that these disclosure requirements, developed in consultation with the Financial Stability Board's Principles for Sound Compensation Practices, will introduce effective, transparent assessments of banking compensation practice in relation to risk.