Document Search
Add To My Bookshelf Sign in or Register Save And Annotate

reporting sign in to follow this
disclosure sign in to follow this
transparency sign in to follow this
bank sign in to follow this
regulation sign in to follow this

VaR Uses sign in to follow this
--Risk Reporting sign in to follow this
Discuss This Paper
Sign in to follow this page
Recent Comments
Risks in Financial Reporting: Status, Challenges and Suggested Directions
Company: Bank for International Settlements
Company Url: Click here to open
Year Of Publication: 2006
Month Of Publication: September
Pages: 28
Download Count: 472
View Count:
Comment Num: 0
Language: EN
Who Can Read: Free
Date: 9-8-2006
Publisher: Administrator
Advances in risk measurement technology have reshaped financial markets and the functioning of the financial system. More recently, they have been reshaping the prudential framework. Looking forward, they have the potential to reshape financial reporting too. Recent initiatives to improve financial reporting standards have brought to the fore significant differences in perspective between accounting standard setters and prudential authorities. Building on previous work, we argue that risk measurement and management technology can be instrumental in bridging this gap and, by the same token, in improving financial reporting. Risk measurement plays a crucial role in the measurement, verification and validation of valuations. It is the basis for giving more prominence to risk and measurement error information in public disclosures. And it could act as more of a focal point in the design of accounting standards, as greater consistency between sound risk management practices and accounting standards can help to narrow the wedge between accounting and underlying economic valuations.
Borio, Claudio Sign in to follow this author
Tsatsaronis, Kostas Sign in to follow this author
This document's citation network:
Similar Documents:
Close window
Sign up in one step, no personal information required. Already a Member?

Repeat Email:
User Name:
Confirm Password:

Sign Up

Welcome to GloriaMundi!
Thanks for singning up

continue or edit your profile