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 to incorporate them into its ever-growing disclosure requirements.

Throughout all this, a common theme that consistently emerges is banks preference to disclose only the bare regulatory minimum. Anything else is regarded as either competitive information...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222