Basel Committee consults on Pillar 3 review: The Basel Committee is consulting, until 26 September, on a new global standard for Pillar 3 disclosures. The new standard proposes a greater use of templates to improve the consistency and comparability of disclosures. Those templates for essential quantitative information would be prescriptive whereas formats would be more flexible for that information that is not central to the analysis of a bank's regulatory capital adequacy. (Source: Review of the Pillar 3 Requirements)