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Basel Committee Issues Consultation on Machine-Readable Pillar 3 Disclosure

The global banking regulator seeks feedback on digital formats for Pillar 3 reports, according to Japan’s Financial Services Agency.

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Terms & Concepts
  • Basel Committee on Banking Supervision: An international banking standards body that sets global regulatory guidelines for banks.
  • Pillar 3 disclosure: A regulatory framework requiring banks to publicize risk and capital data, promoting transparency.
  • Financial Services Agency (Japan): Japan’s national financial regulator overseeing banking, securities, and insurance sectors.