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1
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Significant information gap that required regulators' attention
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26 September, London, UK
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Financial Times
, vol.14
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3
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Risk transparency in the aftermath of the credit crisis
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Heap, A. (2008) Risk transparency in the aftermath of the credit crisis. Corporate Finance Review 12(4): 30-35.
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Corporate Finance Review
, vol.12
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Heap, A.1
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4
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Australian banks' disclosure of operational risk
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Avram, K.J. and Skully, M. (2007) Australian banks' disclosure of operational risk. Monash Business Review 3(2): 1-9.
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(2007)
Monash Business Review
, vol.3
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Avram, K.J.1
Skully, M.2
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5
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79953906127
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Liquidity risk financial disclosure: The case of large European financial groups
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Boussanni, A., Desrochers, J. and Préfontaine, J. (2008) Liquidity risk financial disclosure: The case of large European financial groups. International Business & Economics Research Journal 7(7): 47-56.
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(2008)
International Business & Economics Research Journal
, vol.7
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, pp. 47-56
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Boussanni, A.1
Desrochers, J.2
Préfontaine, J.3
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6
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The relevance of valueat-risk disclosures: Evidence from the LTCM crisis
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Chipalkatti, N. and Datar, V. (2006) The relevance of valueat-risk disclosures: Evidence from the LTCM crisis. Journal of Financial Regulation and Compliance 14(2): 174-184.
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Journal of Financial Regulation and Compliance
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, pp. 174-184
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Chipalkatti, N.1
Datar, V.2
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7
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79953896496
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Bank credit risk disclosure in Japan
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Frolov, M. (2006) Bank credit risk disclosure in Japan. Journal of Banking Regulation 7(3/4): 221-242.
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(2006)
Journal of Banking Regulation
, vol.7
, Issue.3-4
, pp. 221-242
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Frolov, M.1
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8
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70350250963
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Federal Reserve Bank of New York, NY. Staff Report 293, July
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Hirtle, B. (2007) Public Disclosure, Risk, and Performance at Bank Holding Companies. Federal Reserve Bank of New York, NY. Staff Report 293, July.
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(2007)
Public Disclosure, Risk, and Performance at Bank Holding Companies
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Hirtle, B.1
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9
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79953900310
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Risk disclosure: An exploratory study of UK and Canadian banks
-
Linsley, P.M., Shrives, P. J. and Crumpton, M. (2006) Risk disclosure: An exploratory study of UK and Canadian banks. Journal of Banking Regulation 7(3/4): 268-282.
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(2006)
Journal of Banking Regulation
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, pp. 268-282
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Linsley, P.M.1
Shrives, P.J.2
Crumpton, M.3
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10
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41849083465
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Do banks overstate their value-at-risk?
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Pérignon, C., Deng, Z.Y. and Wang, Z. J. (2008) Do banks overstate their value-at-risk? Journal of Banking and Finance 32(5): 783-794.
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Journal of Banking and Finance
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Pérignon, C.1
Deng, Z.Y.2
Wang, Z.J.3
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11
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The level and quality of value-at-risk disclosure by commercial banks
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Pérignon, C. and Smith, D. (2010) The level and quality of value-at-risk disclosure by commercial banks. Journal of Banking and Finance 34(2): 362-377.
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(2010)
Journal of Banking and Finance
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, pp. 362-377
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Pérignon, C.1
Smith, D.2
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13
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84982264075
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Asia Pacific banks' derivative and risk management disclosures
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Yong, H.H.A., Chalmers, K. and Faff, R. (2005) Asia Pacific banks' derivative and risk management disclosures. Asian Review of Accounting 13(1): 15-44.
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(2005)
Asian Review of Accounting
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, pp. 15-44
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Yong, H.H.A.1
Chalmers, K.2
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14
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Market risk reporting by the world's top banks: Evidence on the diversity of reporting practice and the implications for international accounting harmonisation
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Woods, M., Dowd, K. and Humphrey, C. (2008a) Market risk reporting by the world's top banks: Evidence on the diversity of reporting practice and the implications for international accounting harmonisation. Spanish Accounting Review 11(2): 9-42.
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(2008)
Spanish Accounting Review
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Woods, M.1
Dowd, K.2
Humphrey, C.3
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15
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The value of risk reporting: A critical analysis of value-at-risk disclosures in the banking sector
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Woods, M., Dowd, K. and Humphrey, C. (2008b) The value of risk reporting: A critical analysis of value-at-risk disclosures in the banking sector. International Journal of Financial Services Management 3(1): 45-64.
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(2008)
International Journal of Financial Services Management
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, pp. 45-64
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Woods, M.1
Dowd, K.2
Humphrey, C.3
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16
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Accounting for derivatives: An evaluation of reporting practice by UK banks
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Woods, M. and Marginson, D. (2004) Accounting for derivatives: An evaluation of reporting practice by UK banks. European Accounting Review 13(2): 373-390.
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(2004)
European Accounting Review
, vol.13
, Issue.2
, pp. 373-390
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Woods, M.1
Marginson, D.2
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17
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79953893756
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The effects of IFRS 7 adoption on bank disclosure in Europe
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Bischof, J. (2009) The effects of IFRS 7 adoption on bank disclosure in Europe. Accounting in Europe 6(1-2): 167-194.
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(2009)
Accounting in Europe
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, pp. 167-194
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Bischof, J.1
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22
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73349129713
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Paradise lost
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17 May
-
Three quarters of our sample is composed by banks. They are special because of their interconnectedness. A collapse of one institution creates a wave of uncertainty among the others. [The Economist (2008) Paradise lost. Vol. 387, 17 May]. Consequently, other entities that are not classifiable as banks (but which pursue similar activities) were affected also by the GFC. The present study seeks to understand the risk-related reporting practices of credit institutions as a whole.
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(2008)
The Economist
, vol.387
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23
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Bloomberg, 12 August, accessed 14 August 2009
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Weil, J. (2009) Next bubble to burst is banks' big loans values. Bloomberg, 12 August, http://bloomberg.com/apps/news?pid=email-en&sid= a04oVutXQybk, accessed 14 August 2009.
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The crisis of fair value accounting: Making sense of the recent debate
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Accounting, Organizations and Society
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Laux, C.1
Leuz, C.2
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25
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44149125917
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Social responsibility disclosure: A study of proxies for public visibility of Portuguese banks
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Branco, C.B. and Rodrigues, L.L. (2008) Social responsibility disclosure: A study of proxies for public visibility of Portuguese banks. The British Accounting Review 40(2): 161-181.
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(2008)
The British Accounting Review
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, pp. 161-181
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Branco, C.B.1
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Structural Indicators for the EU Banking Sector
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27
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-
note
-
Information is relevant if it has predictive and confirmatory values. Reliable information must be free from material error and bias and faithfully represent reality. Information is understandable if complex and relevant matters are not excluded from financial statements because they are too difficult for readers to understand. Therefore, efforts to include definitions, glossaries or other forms of detail would improve understandability. Comparability can be assessed over time or across different companies in terms of relative financial position, performance and risk profiles (such as the amount of disclosure, the maturity profile of assets, measurement models and risk management policies).
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-
-
-
28
-
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79953895941
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-
The amendment to IAS 1, adopted by Regulation 108/2006 of the European Parliament (concerning disclosure of information necessary to evaluate an entity's objectives, policies and processes for managing capital), was mandatory for periods beginning on or after 1 January 2007. Earlier application was encouraged
-
The amendment to IAS 1, adopted by Regulation 108/2006 of the European Parliament (concerning disclosure of information necessary to evaluate an entity's objectives, policies and processes for managing capital), was mandatory for periods beginning on or after 1 January 2007. Earlier application was encouraged.
-
-
-
-
29
-
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79953870457
-
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In 2006, IAS 32 included disclosure requirements about financial risks. IFRS 7 superseded IAS 30 and amended IAS 32 concerning disclosures of risk-related issues. IFRS 7 relates only to financial risks and requires a deeper level of disclosure than in the previous IAS 30 and IAS 32
-
In 2006, IAS 32 included disclosure requirements about financial risks. IFRS 7 superseded IAS 30 and amended IAS 32 concerning disclosures of risk-related issues. IFRS 7 relates only to financial risks and requires a deeper level of disclosure than in the previous IAS 30 and IAS 32.
-
-
-
-
30
-
-
79953866840
-
-
IAS 39 was not considered because this study only explores international accounting requirements related to disclosure
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IAS 39 was not considered because this study only explores international accounting requirements related to disclosure.
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31
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Disclosure, volatility, and transparency: An empirical investigation into the value of bank disclosure
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Federal Reserve Bank of New York
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Nier, E. and Baumann, U. (2004) Disclosure, volatility, and transparency: An empirical investigation into the value of bank disclosure. Federal Reserve Bank of New York. Economic Policy Review 10(2): 31-45.
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DOI 10.1016/j.jfi.2006.03.001, PII S1042957306000179
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Baumann, U.2
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Are bank stocks sensitive to risk management?
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Sensarma, R. and Jayadev, M. (2009) Are bank stocks sensitive to risk management? The Journal of Risk Finance 10(1): 7-22.
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(2009)
The Journal of Risk Finance
, vol.10
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, pp. 7-22
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Market discipline in the governance of U.S. Bank holding companies: Monitoring vs. influencing
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Bliss, R.R. and Flannery, M.J. (2002) Market discipline in the government of US bank holding companies: Monitoring versus influencing. European Finance Review 6(3): 361-395. (Pubitemid 36165797)
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European Finance Review
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Flannery, M.J.2
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Why do we need mandated rules of public disclosure for banks?
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Frolov, M. (2007) Why do we need mandated rules of public disclosure for banks? Journal of Banking Regulation 8(2): 177-191.
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Journal of Banking Regulation
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Verrecchia, R.E. (2001) Essays on disclosure. Journal of Accounting and Economics 32: 97-180. (Pubitemid 33618898)
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Corporate social reporting and reputation risk management
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Bebbington, J., Larrinaga-Gonzalez, C. and Moneva, J.M. (2008) Corporate social reporting and reputation risk management. Accounting, Auditing & Accountability Journal 21(3): 337-361.
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Accounting, Auditing & Accountability Journal
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Optimal release of information by firms
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79953845990
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Credit risk is of particular importance because it is 'regarded as the main contributor to a bank's overall risk profile'
-
Credit risk is of particular importance because it is 'regarded as the main contributor to a bank's overall risk profile'.
-
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41
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79953889715
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Off-balance-sheet credit risk of the top 20 European commercial banks
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Khambata, D. and Hirche, S. (2002) Off-balance-sheet credit risk of the top 20 European commercial banks. Journal of International Banking Regulation 4(2): 107-122.
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, pp. 107-122
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-
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-
note
-
Risks related to off-balance sheet instruments (where credit risk is important) are a good example of information that would improve transparency. Before the GFC, the complexity of these instruments, their off-balance sheet nature and poor regulation often meant that very little information was disclosed by banks.3
-
-
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-
43
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Bank for International Settlements. Basel, Switzerland: Basel Committee on Banking Supervision, April
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Bank for International Settlements. (2001) Public Disclosures by Banks: Results of the 1999 Disclosure Survey. Basel, Switzerland: Basel Committee on Banking Supervision, April.
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Public Disclosures by Banks: Results of the 1999 Disclosure Survey
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Bank for International Settlements. Basel, Switzerland: Basel Committee on Banking Supervision, May
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Public Disclosures by Banks: Results of the 2000 Disclosure Survey
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45
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Bank for International Settlements. Basel, Switzerland: Basel Committee on Banking Supervision, May
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Bank for International Settlements. (2003) Public Disclosures by Banks: Results of the 2001 Disclosure Survey. Basel, Switzerland: Basel Committee on Banking Supervision, May.
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(2003)
Public Disclosures by Banks: Results of the 2001 Disclosure Survey
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46
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Determinants of operational risk reporting in the banking industry
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Helbok, G. and Wagner, C. (2006) Determinants of operational risk reporting in the banking industry. Journal of Risk 9(1): 49-84.
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(2006)
Journal of Risk
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, pp. 49-84
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Helbok, G.1
Wagner, C.2
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47
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The hidden dangers of historical simulation
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DOI 10.1016/j.jbankfin.2005.04.013, PII S037842660500083X, Risk Management and Optimization in Finance
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Pritsker, M. (2006) The hidden dangers of historical simulation. Journal of Banking and Finance 30(2): 561-582. (Pubitemid 43257150)
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Journal of Banking and Finance
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, Issue.2
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Pritsker, M.1
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49
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Credit risk management: A survey of practices
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DOI 10.1108/03074350610646735
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Fatemi, A. and Fooladi, I. (2006) Credit risk management: A survey of practices. Managerial Finance 32(3): 227-233. (Pubitemid 43347757)
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Managerial Finance
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Fatemi, A.1
Fooladi, I.2
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50
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79953881224
-
Empirical study of the liquidity management practices of Nigerian banks
-
Toby, A. (2006) Empirical study of the liquidity management practices of Nigerian banks. Journal of Financial Management and Analysis 19(1): 57-70.
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(2006)
Journal of Financial Management and Analysis
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, pp. 57-70
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Operational risk information system: A challenge for the banking sector
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Flores, F., Bónson-Ponte, E. and Escobar-Rodríguez, T. (2006) Operational risk information system: A challenge for the banking sector. Journal of Financial Regulation and Compliance 14(4): 383-401.
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(2006)
Journal of Financial Regulation and Compliance
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Flores, F.1
Bónson-Ponte, E.2
Escobar-Rodríguez, T.3
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53
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79953880714
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Bank's risk management: A comparison study of UAE national and foreign banks
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Al-Tamini, H.A.H. and Al-Mazrooei, F.M. (2007) Bank's risk management: A comparison study of UAE national and foreign banks. Managerial Finance 32(3): 227-233.
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(2007)
Managerial Finance
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Risk management practices of Islamic banks of Brunei Darussalam
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Journal of Risk Finance
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, Issue.1
, pp. 23-37
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Risk in Islamic banks: Evidence from empirical research
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(2009)
Journal of Banking Regulation
, vol.10
, Issue.2
, pp. 153-163
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Ariffin, N.M.1
Archer, S.2
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The Icelandic bank collapse: Challenges to governance and risk management
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Corporate Governance
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Risk management in banking: Beyond the credit crisis
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(2009)
Journal of Structured Finance
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59
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79953873097
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These were largely in terms of disclosure requirements for capital structure and adequacy, operational risk. The Basel II Accord became mandatory for PCIs after January 2007. However, PCIs have been preparing for its adoption since 2004
-
These were largely in terms of disclosure requirements for capital structure and adequacy, operational risk. The Basel II Accord became mandatory for PCIs after January 2007. However, PCIs have been preparing for its adoption since 2004.
-
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61
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Some determinants of social and environmental disclosures in New Zealand companies
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Hackston, D. and Milne, M. (1996) Some determinants of social and environmental disclosures in New Zealand companies. Accounting, Auditing & Accountability Journal 9(1): 77-108.
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Hackston, D.1
Milne, M.2
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79953851248
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-
Widely used credit risk quality indicators were: past due ratio, coverage ratio, non-performing loans and loan-tovalue. Their disclosure levels across the different PCIs are very different
-
Widely used credit risk quality indicators were: past due ratio, coverage ratio, non-performing loans and loan-tovalue. Their disclosure levels across the different PCIs are very different.
-
-
-
-
63
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Stress tests and their contribution to financial stability
-
Marcelo, A., Rodríguez, A. and Trucharte, C. (2008) Stress tests and their contribution to financial stability. Journal of Banking Regulation 9(2): 65-81.
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(2008)
Journal of Banking Regulation
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Marcelo, A.1
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Financial intermediation, monitoring, and liquidity
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Oxford Economic Papers
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, Issue.3
, pp. 440-461
-
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-
note
-
The Basel II Accord proposed the following approaches to assess capital adequacy: standard approach (SA), internal ratings approach 'IRB - foundation' or internal ratings approach 'IRB - advanced' for credit risk; standard approach (SA) or internal models approach for market risk; and basic indicator approach (BIA), standard approach (SA) or advanced measurement approach (AMA) for operational risk.
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The G20 Agenda for Regulatory Reform
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69
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-
The Basel Committee is responsible for this task. Target dates range from December 2010 to December 2012
-
The Basel Committee is responsible for this task. Target dates range from December 2010 to December 2012.
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-
-
-
70
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The FSB is responsible for this task. Target dates range from March 2010 to December 2012
-
The FSB is responsible for this task. Target dates range from March 2010 to December 2012.
-
-
-
-
71
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The IASB is responsible for this task. The target date is June 2011
-
The IASB is responsible for this task. The target date is June 2011.
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-
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72
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-
note
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After G20 endorsement of 20 recommendations to address information gaps (described in a report The Financial Crisis and Information Gaps), International Organization of Securities Commissions (IOSCO) published a report (Asset Backed Securities (ABS) Disclosure Principles) to guide securities regulators who are developing or reviewing their regulatory disclosure regimes with respect to public offerings and listings of ABS. IOSCO is considering further work on collateralized debt obligation. (Financial Stability Board (2010) The financial crisis and information gaps: progress report, action plans and timetables. Switzerland).
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73
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79953843835
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Recent changes in the IASC Foundation Constitution are intended to improve the involvement of stakeholders (including prudential regulators and emerging markets). A new monitoring board of market regulators was created and more investors and analysts were included in the Standards Advisory Committee
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Recent changes in the IASC Foundation Constitution are intended to improve the involvement of stakeholders (including prudential regulators and emerging markets). A new monitoring board of market regulators was created and more investors and analysts were included in the Standards Advisory Committee.
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74
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Resisting compliance with IFRS goodwill accounting and reporting disclosures: Evidence from Australia
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Carlin, T.M. and Finch, N. (2010) Resisting compliance with IFRS goodwill accounting and reporting disclosures: Evidence from Australia. Journal of Accounting and Organizational Change 6(2): 260-280.
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, pp. 260-280
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Carlin, T.M.1
Finch, N.2
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75
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Goodwill accounting in Malaysia and the transition to IFRS: A compliance assessment of large first year adopter
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Carlin, T.M., Finch, N. and Laili, N.H. (2009) Goodwill accounting in Malaysia and the transition to IFRS: A compliance assessment of large first year adopter. Journal of Financial Reporting and Accounting 7(1): 75-104.
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Journal of Financial Reporting and Accounting
, vol.7
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, pp. 75-104
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Carlin, T.M.1
Finch, N.2
Laili, N.H.3
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76
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0041790655
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Incentives versus standards: Properties of accounting income in four East Asian countries
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DOI 10.1016/j.jacceco.2003.10.003, PII S016541010300065X
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Ball, R., Robin, A. and Wu, J.S. (2003) Incentives versus standards: Properties of accounting income in four East Asian countries. Journal of Accounting and Economics 36(1/3): 235-270. (Pubitemid 38161320)
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Journal of Accounting and Economics
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, pp. 235-270
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Ball, R.1
Robin, A.2
Wu, J.S.3
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77
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Will harmonizing accounting standards really harmonize accounting? Evidence from non-US firms adopting US GAAP
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Bradshaw, M.T. and Miller, G.S. (2008) Will harmonizing accounting standards really harmonize accounting? Evidence from non-US firms adopting US GAAP. Journal of Accounting, Auditing and Finance 23(2): 233-263.
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Journal of Accounting, Auditing and Finance
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, pp. 233-263
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Bradshaw, M.T.1
Miller, G.S.2
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78
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Formal harmonization 'refers to the way accounting standards are written: that is, to their legal or quasi-legal specification'. Material harmonization 'refers to the level of concordance exhibited by the actual practices of companies in implementing accounting standards'
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Formal harmonization 'refers to the way accounting standards are written: that is, to their legal or quasi-legal specification'. Material harmonization 'refers to the level of concordance exhibited by the actual practices of companies in implementing accounting standards'.
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79
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Measurement of need for harmonization between national accounting standards and International Financial Reporting Standards
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Mustata, R. and Matis, D. (2007) Measurement of need for harmonization between national accounting standards and International Financial Reporting Standards. Journal of International Business and Economics 7(3): 23-46.
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Journal of International Business and Economics
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Mustata, R.1
Matis, D.2
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80
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Earnings management and investor protection: An international comparison
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DOI 10.1016/S0304-405X(03)00121-1, PII S0304405X03001211
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Leuz, C., Nanda, D. and Wysocky, P. (2003) Earnings management and investor protection: An international comparison. Journal of Financial Economics 69(3): 505-527. (Pubitemid 37007092)
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(2003)
Journal of Financial Economics
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, pp. 505-527
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Leuz, C.1
Nanda, D.2
Wysocki, P.D.3
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note
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In May 2010, Commissaire Barnier announced that agreement on the proposal on supervising reform is needed in order to create the European Systemic Risk Board and the European Supervisory Authorities. He also announced the adoption of a Green Paper on Corporate Governance in financial institutions to help address questions about how to manage risk effectively in financial institutions, and how to empower shareholders.
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83
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Effective financial market regulation after Pittsburg: Achievements and challenges. Keynote Speech: Delivering on the EU's G20 commitments
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Federal Ministry of Finance, Berlin
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Barnier, M. (2010) Effective financial market regulation after Pittsburg: Achievements and challenges. Keynote Speech: Delivering on the EU's G20 commitments. International Conference, Federal Ministry of Finance, Berlin.
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(2010)
International Conference
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Barnier, M.1
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84
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0034369869
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A conceptual framework for risk disclosure emerging from the agenda for corporate governance reform
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Solomon, J.F., Solomon, A. and Norton, S.D. (2000) A conceptual framework for risk disclosure emerging from the agenda for corporate governance reform. The British Accounting Review 32(4): 447-478.
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(2000)
The British Accounting Review
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, Issue.4
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Solomon, J.F.1
Solomon, A.2
Norton, S.D.3
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