What is pillar 1 and pillar 2 and Pillar 3?
I want to understand the meaning and background of three terms: pillar 1, pillar 2, and pillar 3. Could someone please explain these concepts to me?
Why is Pillar 3 important?
Pillar 3 is crucial as it ensures transparency, accountability, and market discipline in the banking sector. It focuses on disclosure requirements, allowing market participants to assess banks' risk profiles and capital adequacy, thereby promoting a more stable and resilient financial system.
What is the maximum amount for pillar 3?
I'm wondering about the maximum limit or amount that can be contributed or allocated to pillar 3. I need to know the upper bound for this specific pillar.
How does Pillar 3 work?
I would like to understand the functioning of Pillar 3. Could you please explain how it operates or works?