Transparency and the disclosure of risk information in the banking sector

Transparency and the disclosure of risk information in the banking sector Philip M. Linsley* and Philip J. Shrives Received: 1st February, 2005 *The University of Hull, Scarborough Management Centre, Filey Road, Scarborough, YO11 3AZ, UK; tel: +44 (0) 1723 357270, fax: +44 (0) 1723 357119; e-mail: p.linsley@hull.ac.uk, Philip M. Linsley is a lecturer at the University of Hull specialising in finance and risk management. Philip J. Shrives is a principal lecturer at Northumbria University specialising in financial reporting. with their implications for the proposed disclosure requirements. INTRODUCTION Banks disseminate significant amounts of information which is then publicly available for use by shareholders and other stakeholders. There have, however, been calls for even greater disclosure to occur to ensure readers are fully able to assess the performance of a firm. One aspect of this disclosure debate centres on the issue of risk reporting. If shareholders and other interested parties are to be able to understand the risk profile of the firm, they need to receive information about the risks a firm faces and how the directors are managing those risks. It is argued that, at present, limited risk disclosure occurs and therefore firms are not fully transparent in this respect. The outcome of improved risk transparency should ultimately be that http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Regulation and Compliance Emerald Publishing

Transparency and the disclosure of risk information in the banking sector

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1358-1988
DOI
10.1108/13581980510622063
Publisher site
See Article on Publisher Site

Abstract

Philip M. Linsley* and Philip J. Shrives Received: 1st February, 2005 *The University of Hull, Scarborough Management Centre, Filey Road, Scarborough, YO11 3AZ, UK; tel: +44 (0) 1723 357270, fax: +44 (0) 1723 357119; e-mail: p.linsley@hull.ac.uk, Philip M. Linsley is a lecturer at the University of Hull specialising in finance and risk management. Philip J. Shrives is a principal lecturer at Northumbria University specialising in financial reporting. with their implications for the proposed disclosure requirements. INTRODUCTION Banks disseminate significant amounts of information which is then publicly available for use by shareholders and other stakeholders. There have, however, been calls for even greater disclosure to occur to ensure readers are fully able to assess the performance of a firm. One aspect of this disclosure debate centres on the issue of risk reporting. If shareholders and other interested parties are to be able to understand the risk profile of the firm, they need to receive information about the risks a firm faces and how the directors are managing those risks. It is argued that, at present, limited risk disclosure occurs and therefore firms are not fully transparent in this respect. The outcome of improved risk transparency should ultimately be that

Journal

Journal of Financial Regulation and ComplianceEmerald Publishing

Published: Sep 1, 2005

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