Please use this identifier to cite or link to this item: https://hdl.handle.net/1822/15418

TitleRisk-related disclosure practices in the annual reports of Portuguese credit institutions: an exploratory study
Author(s)Oliveira, Jonas
Rodrigues, Lúcia Lima
Craig, Russell
KeywordsFinancial
Reporting
Disclosure
Risk
Management
Content
Portugal
Issue dateMar-2011
PublisherPalgrave Macmillan
JournalJournal of Banking Regulation
Abstract(s)This study assesses the risk-related reporting practices of 190 Portuguese credit institutions based on a content analysis of their individual annual reports for 2006. Risk-related disclosures are found to lack comparability because of different maturity time bands that report exposures to credit, market and liquidity risks; different VaR and sensitivity analysis assumptions; and different practices for reporting capital structure and adequacy. The mis-alignment of quantitatively-based disclosures and related narratives led to problems of relevance, reliability and understandability. We assess the extent to which reforms of risk-related reporting practices in 2007 in International Financial Reporting Standards and the BASEL II Accord address each of the deficiencies identified. We highlight areas needing further reform and recommend that Portuguese supervisory authorities adopt more effective enforcement mechanisms to broker compliance with minimum mandatory risk disclosure requirements.
TypeArticle
URIhttps://hdl.handle.net/1822/15418
DOI10.1057/jbr.2010.20
ISSN1750-2071
Publisher versionThe original publication is available at http://www.palgrave-journals.com/jbr/journal/v12/n2/full/jbr201020a.html
Peer-Reviewedyes
AccessRestricted access (UMinho)
Appears in Collections:iMARKE - Publicações em Revistas (com revisão por pares) / Articles in Journals (peer reviewed)

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