Basel Committee overhauls banks’ disclosure model, Financial Times

“This level of transparency, like the sun, is the best disinfectant,” said Mayra Rodriguez Valladares, a financial-regulation expert. “Requiring information on such fixed templates may seem like micromanagement on the part of the Basel Committee, but without uniformity, banks report what they feel like, which is exactly what has been happening since Pillar 3 became part of the Basel Accord in 2006.”

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