The Basel Committee on Banking Supervision has released proposals for disclosing remuneration by banks. The so-called Pillar 3 document, which is open for comment until Feb. 25, covers, among other things, method and frequency of disclosure as well as “measures used to take account of current and future risks in their remuneration processes.” BIS states that the proposed requirements aim “to support an effective market discipline and to allow market participants to assess the quality of the compensation practices.”
Click here to read the release from the Bank for International Settlements.