A Disclosure Regime

David Mayes, Liisa Halme and Aarno Liuksila

Chapter 7 in Improving Banking Supervision, 2001, pp 147-197 from Palgrave Macmillan

Abstract: Abstract Disclosure is a word without any accepted detailed meaning. Increasing transparency is very much in vogue at present. The IMF, for example, adopted the ‘Code of Good Practices on Transparency in Monetary and Financial Policies: Declaration of Principles’ in September 1999. Buiter (1999) and Issing (1999) both espouse the cause of transparency for the European Central Bank, but with strongly conflicting views about what such transparency entails. The same applies to transparency in financial markets. Few would argue against it, as this would be taken to imply that they had something to hide but there is only limited agreement on what should be disclosed.

Keywords: Cash Flow; Credit Risk; Market Risk; Deposit Insurance; Disclosure Statement (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28819-5_7

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DOI: 10.1057/9780230288195_7

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