Archaic bank attitudes to disclosure need rethink

Senior manager, PricewaterhouseCoopers Financial Services Division, on the importance of disclosure for banks.

In a world where innovation and distinctiveness are increasingly being valued and rewarded over and above conformity and customs, disclosure of information should form a key part of a banks strategy.

PwC's Peter LiEvery reporting season, bank executives face up to the task of reviewing their performance numbers, and considering how best to report these results to the public. Every year, the Hong Kong Monetary Authority looks at a list of items considered useful for bank assessment purposes and attempts...

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