Minimum Disclosure Survey
Published: Wednesday April 10th, 2013
The Central Bank (“the Bank”) is presently moving towards the implementation of the International Convergence of Capital Measurement and Capital Standards (“the Basel II Framework”). A fundamental component of the Basel II Framework is Pillar 3 (Market Discipline), which seeks to achieve greater transparency through disclosures by firms to allow market participants to better assess an organization’s capital and capital adequacy, risk exposures and the risk assessment practices.
In this regard, the Bank invites you to participate in its 2013 Minimum Disclosure Survey, the results of which will be used to assist the Bank in determining its approach to the areas of national discretion permissible under Pillar 3, as well as the appropriateness of these requirements for firms in The Bahamas. Greater transparency is achieved through these disclosures which will allow market participants to better assess an organizations capital and capital adequacy, risk exposures and the risk assessment practices.
The survey should be completed and signed-off by senior management of your institution, and returned to the Policy Unit, Bank Supervision Department, at [email protected] no later than 8th May, 2013.
Any questions regarding this survey should be directed to:
Miss. Sherry Sands
Bank Supervision Department Central Bank of The Bahamas Frederick & Market Streets P.O. Box N 4868
Tel (242) 302-2715
Fax (242) 356-3909
Email: [email protected]