The Basel Committee on Banking Supervision has published a consultation proposing additions to its Pillar 3 disclosure standard to require internationally active banks to provide quantitative disclosures in a standardised machine-readable format. The proposal is designed to make existing risk-metric disclosures easier to access, aggregate, process and compare across banks without changing the underlying disclosure requirements. Most banks currently publish Pillar 3 disclosures only in PDF form, which limits usability for data aggregation and analysis. The proposed standard would set a requirement and technical specifications for producing machine-readable quantitative Pillar 3 disclosures, while leaving national supervisors to decide whether publication should be on banks’ own websites or through a centralised data repository. Jurisdictions that already require machine-readable disclosures would not be expected to face increased burden, as existing approaches would be integrated into the global standard. Comments are requested by 5 March 2026, and submissions will be published on the Bank for International Settlements website unless confidential treatment is requested.
Bank for International Settlements 2025-12-05
Basel Committee on Banking Supervision consults on a standard format for machine-readable Pillar 3 bank disclosures
The Basel Committee on Banking Supervision is consulting on additions to its Pillar 3 disclosure standard, requiring internationally active banks to provide quantitative disclosures in a standardised machine-readable format. This aims to enhance accessibility, aggregation, processing, and comparability of risk-metric disclosures without altering existing requirements. National supervisors will decide on publication methods, and jurisdictions with existing machine-readable mandates will integrate these into the global standard.