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Transparency and the Disclosure of Risk Information in the Banking Sector

Linsley, P.M. and Shrives, P.J. (2005) Transparency and the Disclosure of Risk Information in the Banking Sector. Journal of Financial Regulation and Compliance, 13 (3). pp. 205-214. ISSN 1358-1988

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Abstract

The essence of any bank is that it is a risktaking enterprise and therefore, as a part of good corporate governance, it is expected that relevant risk-related information will be released to the marketplace. Currently, however, it is suggested that there is insufficient disclosure of risk information by banks and as a consequence Pillar 3 of Basel II lays out a comprehensive framework for risk disclosures with the intention that this will enable stakeholders to assess the risk pro.le of a bank. In addition, one outcome of the UK company law review is that there will be a requirement for all quoted companies to discuss risks and uncertainties within the annual report. This paper analyses these risk disclosure requirements while also reviewing current bank disclosure practices within the context of this risk disclosure debate. The important issues of disclosure of forward-looking risk information, location of disclosure and proprietary risk information are also discussed together with their implications for the proposed disclosure requirements.

Item Type: Article
Keywords: Accounting, Annual report, Basel II, Disclosure, Risk
Academic Units: The University of York > The York Management School
Depositing User: York RAE Import
Date Deposited: 03 Aug 2009 12:49
Last Modified: 03 Aug 2009 12:49
Published Version: http://www.emeraldinsight.com/10.1108/135819805106...
Status: Published
Publisher: Henry Stewart Publications
Identification Number: DOI:10.1108/13581980510622063
URI: http://eprints.whiterose.ac.uk/id/eprint/6667

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