Basel Committee consults on standard format for machine-readable disclosures
AI Analysis
The Basel Committee has opened a consultation on adding a standard format for machine-readable Pillar 3 disclosures by banks. The proposal is designed to make existing disclosure data easier to access, process, aggregate, and compare across banks, without changing the underlying disclosure requirements.
Key dates
- 2025-12-05
- Basel Committee publishes the consultative document on machine-readable Pillar 3 disclosures
- 2026-03-05 Deadline
- Deadline for comments on the proposed additions to the disclosure standard
Suggested considerations
- Compliance teams may wish to review the consultative document and assess whether current Pillar 3 publication processes could support machine-readable output.
- Banks with existing machine-readable disclosure regimes may wish to map their current approach against the proposed global standard to identify any gaps or duplication.
- Supervisory affairs teams may wish to consider whether disclosures are currently hosted on bank websites or through a central repository model, since the proposal leaves that implementation choice to national supervisors.
- Stakeholders may wish to evaluate the technical specifications for the required machine-readable formats and the associated data taxonomy requirements.
- Interested firms may wish to submit comments by the consultation deadline if they want to influence the final standard.
What changed
The Committee is proposing additions to its disclosure standard that would require quantitative Pillar 3 disclosures to be available in standardised machine-readable formats across member jurisdictions. The proposal includes technical specifications for producing machine-readable disclosures, while leaving the substantive disclosure content unchanged. National supervisors would decide whether banks publish the machine-readable disclosures on their own websites or through a centralised data repository. The consultative document also indicates that banks already subject to machine-readable disclosure requirements in some jurisdictions should not face additional burden, because existing approaches would be incorporated into the proposed global standard. The draft further states that access to
Compliance impact
The consultation is materially relevant for banks because it could change the format in which Pillar 3 disclosures must be published, including technical delivery and accessibility requirements. The Basel Committee says the goal is not to change substantive disclosure obligations, but it does expect more standardisation and broader comparability across jurisdictions.
Who is affected
Related regulations
References
AI-generated analysis. May contain errors or omissions — verify with the original BIS source before acting. Full disclaimer.
What the BIS said
The Basel Committee has published a consultation on a standard format for machine-readable disclosures by banks. The proposed standard format would make existing disclosure by banks more accessible and easier to aggregate. Comments on the proposals are requested by 5 March 2026.
Published by BIS . Read the full notice at the source for the authoritative text.