Pillar 3 disclosure requirements for remuneration - final document.
The objective of these additional Pillar 3 requirements on remuneration is to support an effective market discipline and to allow market participants to assess the quality of a bank'scompensation practices. These requirements should also contribute to promote a greater convergence and consistency of disclosure on remuneration.
The Committee's proposed Pillar 3 disclosure requirements on remuneration add greater specificity to the disclosure guidance on this topic that was included in the supplemental Pillar2 guidance issued by the Committee in July 2009. The proposals cover the main components of sound remuneration practices and take full account of the Financial Stability Board's Principles for Sound Compensation Practices and their related Implementation Standards.
- Consultative version - December 2010
- Comments received on the consultative version
- Publication Date: July 2011
- Publication Type: Standards
- Publication Status: Superseded
- Publication Category: Disclosure
- Number of Pages: 12
- Keywords: Sound Compensation Practices, Remuneration Practice, Pillar 3, Governance, Compensation, Counterparty Credit Risk, Disclosure, Sound Incentives, Default Fund Exposures
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