The Basel Committee on Banking Supervision today issued final Pillar 3 disclosure requirements for 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 Pillar 2 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.