CEBS organises a public roundtable to foster convergence in the application of Pillar 3 requirements

The Committee of European Banking Supervisors (CEBS) organises a public roundtable on 9 December at the CEBS premises in London from 10.00 to 13.00 to foster convergence in the application of Pillar 3 requirements and thereby enhancing comparability of related disclosures. This objective is to be reached by providing a platform for the dialogue between banks and users of Pillar 3 disclosures in order to deepen the insight into the utility of and the problems related to Pillar 3 disclosures. To stimulate the discussions we envisaged to have presentations both from users and preparers before engaging in a discussion.

This event is aimed to follow-up on the findings made in the context of the assessment of the Pillar 3 disclosures of 25 large banks published in June 2009. CEBS noted in that context that efforts have been made to provide market participants with information allowing a better understanding of banks' risk profile and capital adequacy but that the heterogeneity in terms of both presentation and content may reduce the usefulness of the information for users. CEBS has since then engaged in discussions with users of Pillar 3 disclosures and organises this public roundtable to provide a forum for the discussion of users’ needs against the difficulties encountered preparers.

To set the framework for the discussion CEBS has directly invited representatives of both group of users – including credit rating agencies and bank analysts - and of preparers to present their views at the roundtable. The agenda provides further information on the organisation of this event and participating speakers .

CEBS deems it useful to open the event to all interested parties to reach the widest possible audience. A number of places at the roundtable are still available. Interested parties should register by 4 December at the latest. Priority will be given to Pillar 3 users and preparers.