BCBS 197
Definition
BCBS 197 is a document published by the Basel Committee on Banking Supervision on July 2011 in the Disclosure category.
Title
Pillar 3 disclosure requirements for remuneration - final document.
Abstract
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
Document Profile
- 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- Publication Status: Superseded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
See Also
Disclaimers
For definitive information on regulatory matters always consult primary sources, especially where it concerns legally binding rules and regulations.
The above regulatory document abstract is quoted verbatim in this Open Risk Manual entry and provided free of charge for the convenience of all internet users. There is no explicit or implicit endorsement of this web service by the Bank of International Settlements. The copyright of the included material rests with the original authors (Links to the original texts are duly provided).
