EBA highlights shortfalls in Pillar III disclosure

regulatory-compliance

In a report issued today, the European Banking Authority (EBA) revealed that many European banks are falling short on required disclosure of market risk, credit risk and remuneration policies. Pillar III of the Basel capital rules covers reporting and transparency, and the EBA (and its predecessor, the Committee of European Banking Supervisors) has assessed Pillar III disclosures every year since 2008. This year's assessment of 19 multinational European banks, using data submitted for 2011, f

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