Regulatory Glossary

This glossary contains terms and abbreviations in the field of regulatory reporting. It should help you to get a quick and general overview of the respective terms.

Pillar I Pillar I

The Pillar I was introduced by Basel II and developed by Basel III. It determines the minimum capital requirements and covers regarding the Credit Risk, the Market Risk as well as the Operational Risk.
Pillar I forms with Pillar II and Pillar III Basel III.

Link to the Bundesbank's website

Pillar II Pillar II

The Pillar II was introduced by Basel II and developed by Basel III. Pillar II describes the Supervisory Review Process and contents regarding these regulations for banks (e.g.: ICAAP) as well as requirements for the supervision (SREP).
Pillar II forms with Pillar I and Pillar III Basel III.

Link to the Bundesbank's website

Pillar III Pillar III

The Pillar III was introduced by Basel II and developed by Basel III. Pillar III regulates the extended Disclosure and the market discipline and provides the rules for equity structure, risks taken and their assessment as well as the adequacy of the capital base.
Pillar III forms with Pillar I and Pillar II Basel III.

Link to the Bundesbank's website

PRA Prudential Regulation Authority

The Prudential Regulation Authority (PRA) is one of the successors of the British Financial Services Authority (FSA) (the other being the Financial Conduct Authority (FCA)). The Authority is part of the Bank of England and is responsible for the prudential regulation and supervision of financial institutions.

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