We first look at the benefits of transparency for banks and other financial institutions by surveying a number of relevant contributions from academics and supervisory authorities. We then turn to the main disclosure requirements that have been imposed on banks operating in the European Union, from both regulators and accounting standard setters, before exploring how market participants have been using data disclosures that were imposed on banks. Our analysis shows that, in addition to the information itself, international coordination of local practices can play a pivotal role in the effort to reinforce and streamline bank information flows.
Transparency and market discipline
Resti, Andrea Cesare
2015
Abstract
We first look at the benefits of transparency for banks and other financial institutions by surveying a number of relevant contributions from academics and supervisory authorities. We then turn to the main disclosure requirements that have been imposed on banks operating in the European Union, from both regulators and accounting standard setters, before exploring how market participants have been using data disclosures that were imposed on banks. Our analysis shows that, in addition to the information itself, international coordination of local practices can play a pivotal role in the effort to reinforce and streamline bank information flows.File | Dimensione | Formato | |
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