Bank Transparency as a Component of the Economic Security Mechanism
The article studies specific features of formation of effective banking supervision in Ukraine through mechanisms of information transparency of banks. The authors systemised main characteristics of transparency of the domestic banks, which include: accessibility (openness) of information; completeness of information coverage; timeliness; and integrity of information. Study of experience of activity of foreign and domestic rating agencies such as Standard & Poor's and Credit Rating and also Agency of Financial Initiatives during the period 2006 - 2012 allowed clarification of characteristic features of information policy of banks, which obtained high indicators of transparency, namely: completeness of provision of information about related companies; publication of reports that meet international standards; publication of internal bank documents (Charter, Corporate Code, etc.); publication of information about the dividend policy; publication of a risk management document; publication of information about shareholders meetings; publication of the full version of the audit report; publication of the strategy of development and plans of the bank; publication of information about authorities of corporate bodies; and publication of rating reports. On the basis of the study of reports of rating agencies the article establishes influence of information transparency of the bank upon the state of its economic security and systemises threats of activity of the banking institution from non-disclosure or incomplete disclosure of relevant information.
Volume (Year): (2013)
Issue (Month): 10 ()
|Contact details of provider:|| Web page: http://www.business-inform.net |
When requesting a correction, please mention this item's handle: RePEc:idp:bizinf:y:2013:i:10:p:322_327. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexey Rystenko)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.