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Quantitative Finance · Glossary

What is Pillar 3 disclosure?

Definition 11.3 The Industry: Firms, Roles and Careers · Chapter 11 — Reading a Trading Firm’s Accounts

A Pillar 3 disclosure is the public report that prudential rules require of banks and large investment firms on their capital, risks and remuneration. Its remuneration tables give, for the staff whose work has a material impact on the firm’s risk, the fixed and variable pay awarded, split by business area, and the number of individuals paid one million euros or more, in bands of half a million euros up to five million and of one million above.

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