Basel Committee Proposes Technical Amendments to Pillar 3 Disclosures

The Basel Committee today issued a proposed technical amendment to bank disclosure requirements in light of new expected credit loss accounting models being implemented worldwide.  The proposal requires additional disclosures of the effects of expected credit loss accounting (for example, the CECL standard) when used in total loss absorbing capacity ratios, as well as disclosures relating to the credit quality of loans, debt securities and off-balance sheet exposures.

The Basel Committee consists of banking regulators around the world (including the U.S.) and its final standards are normally adopted by U.S. banking agencies.  Comments on the proposal are due May 4. For more information, contact ABA’s Josh Stein or Rob Strand.