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Disclosure of risk information in the European banking sector


  • Emilia Klepczarek

    (University of Lodz)


A debate on the scope of bank information disclosures seems to be essential, especially after the Global Financial Crisis. The adequate quantity of data provided to the public domain is a condition of transparency of the banking sector which should assure the optimization of market participants’ decisions. There is also a tendency to unify global accountancy standards, and they are expected to ensure the same scope of disclosed information for the global financial market. The aim of the study is to investigate if there are any differences with the number of risk disclosures among the banks using GAAP and IFRS accounting standards, and if more stable banking sectors tend to report a wider scope of data. Finding out the nature of the determinants of disclosures is an important aspect in terms of working out the procedures which will increase the transparency and stability of the financial markets.

Suggested Citation

  • Emilia Klepczarek, 2016. "Disclosure of risk information in the European banking sector," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 16, pages 350-366, December.
  • Handle: RePEc:ann:inecon:y:2016:i:16:p:350-366

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    References listed on IDEAS

    1. Philip M. Linsley & Philip J. Shrives, 2005. "Transparency and the disclosure of risk information in the banking sector," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 13(3), pages 205-214, July.
    2. Philip M. Linsley & Philip J. Shrives, 2005. "Examining risk reporting in UK public companies," Journal of Risk Finance, Emerald Group Publishing, vol. 6(4), pages 292-305, August.
    3. Cheung, Yan-Leung & Jiang, Ping & Tan, Weiqiang, 2010. "A transparency Disclosure Index measuring disclosures: Chinese listed companies," Journal of Accounting and Public Policy, Elsevier, vol. 29(3), pages 259-280, June.
    4. Lopes, Patricia Teixeira & Rodrigues, Lucia Lima, 2007. "Accounting for financial instruments: An analysis of the determinants of disclosure in the Portuguese stock exchange," The International Journal of Accounting, Elsevier, vol. 42(1), pages 25-56.
    5. George J. Benston, 2004. "What's Special About Banks?," The Financial Review, Eastern Finance Association, vol. 39(1), pages 13-33, February.
    6. repec:eee:crpeac:v:21:y:2010:i:1:p:14-17 is not listed on IDEAS
    7. David H. Pyle., 1997. "Bank Risk Management: Theory," Research Program in Finance Working Papers RPF-272, University of California at Berkeley.
    8. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    9. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
    10. Power, Michael, 2009. "The risk management of nothing," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 849-855, August.
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    More about this item


    risk disclosures; financial statements; accounting standards; GAAP; IFRS;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation


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