Bank risk disclosure improving, says Basel Committee

A new report from the Basel Committee on Banking Supervision says that, overall, banks are improving their disclosure of credit, market, operational and other risks in their annual reports.

The results of the report, “Public Disclosures by Banks: Results of the 2001 Disclosure Survey”, showed that banks disclosed 63% of the items included in the survey in their 2001 annual reports, compared with 59% in 2000. The survey focuses on the annual reports of 54 banks, representing a sample of internationally active banks based in the Committee’s member countries. The survey includes 104 questions that address quantitative and qualitative disclosures in a broad range of risk categories