Contents    Prev    Next    Last

Title[ Part 4: The Third Pillar — Market Discipline

Section[ F. Frequency

---

818.     The disclosures set out in Pillar 3 should be made on a semi-annual basis, subject to the following exceptions. Qualitative disclosures that  provide a general summary of a bank’s risk management objectives and policies, reporting system and definitions may be published  on  an  annual  basis.  In  recognition  of  the  increased  risk  sensitivity  of  the Framework and the general trend towards more frequent reporting in capital markets, large internationally  active  banks  and   other  significant  banks  (and  their  significant  bank subsidiaries)  must  disclose  their  Tier  1  and  total  capital  adequacy  ratios,   and  their components, ¹¹⁹ on a quarterly basis.  Furthermore, if information on risk  exposure or other items is prone to rapid change, then banks should also disclose information on a quarterly basis. In all cases, banks should publish material information as soon as practicable and not later than deadlines set by like requirements in national laws. ¹²⁰

119 These components include Tier 1 capital, total capital and total required capital.

120 For some small banks with stable risk profiles, annual reporting may be acceptable. Where a bank publishes information on only an annual basis, it should state clearly why this is appropriate.

	Contents    Prev    Next    Last