The Office of the Superintendent of Financial Institutions is reminding Canadian banks that global banking regulators are seeking input on capital disclosure requirements.
OSFI notes that the Basel Committee on Banking Supervision has issued a consultative document proposing disclosure requirements that aim to improve the transparency and comparability of a bank’s capital base. The Basel Committee published the proposed new disclosure requirements last December, and comments are due by February 17.
The proposals, which are designed to improve the transparency of regulatory capital and enhance market discipline, would apply to banks on their first set of financial statements after January 2013; and it’s intended that they publish this disclosure with the same frequency as their financial statements.