Pillar 3 disclosure requirements on remuneration - consultative document released by the Basel Committee

On 27 December 2010, the Basel Committee on Banking Supervision issued a consultative document on Pillar 3 disclosure requirements for remuneration.

The proposed Pillar 3 disclosure requirements on remuneration 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. The proposals 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.

Comments should be submitted by Friday, 25 February 2011 by email to: [email protected]. Alternatively, comments may be sent by post to the Secretariat of the Basel Committee on Banking Supervision, Bank for International Settlements, CH-4002 Basel, Switzerland.