LONDON – UK trade body the British Bankers’ Association (BBA) has issued new conclusions on Pillar III of Basel II – covering market disclosure and transparency. The BBA publication is designed to promote consistency in market discipline by clarifying Pillar III’s requirements and removing practical, technical and definition-linked problems for UK banks complying with the Bank for International Settlements (BIS) capital accord.
The BBA stresses that, with the publication of its advice, the UK banking industry will be able to implement converging approaches to Basel II. The main discussion points include the timing of first disclosures, levels of disclosure, publication media, and relationships between accounting and other disclosures.
The paper can be downloaded by clicking the following link: http://www.bba.org.uk/content/1/c6/01/44/69/BBA_Pillar_3_Conclusions_-_AS_PUBLISHED.pdf