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Consistency of Risk Reporting in Financial Services Firms
Company: University of Western Sydney
Year Of Publication: 2007
Month Of Publication: February
Pages: 10
Download Count: 285
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Comment Num: 0
Language: EN
Source:
Who Can Read: Free
Date: 5-13-2007
Publisher: Administrator
Summary
This paper examines the nature of current operational risk disclosures by internationalbanks, the consistency of disclosures, and their usefulness. The information is takenfrom the 2004 and 2005 annual reports of fifty-seven financial institutions. We find thatthe quantity and quality of operational risk disclosures vary significantly acrossinstitutions. The disclosures are predominantly descriptive and of qualitative nature - inorder to be useful banks need to supplement their current disclosures with quantitativeinformation. Due to the lack of consistency and the vagueness of disclosures it is notpossible for external parties at this to compare the operational risk levels of banks.
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Sundmacher, Maike Sign in to follow this author
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