By Patrick Calver and Jennifer Owladi
- Public disclosure by banks and insurers of information about their financial position, risk profile and corporate governance practices is an important component of a well-functioning financial system.
- Inadequate disclosures contributed to the financial crisis. As a consequence, improving banks’ and insurers’ disclosures has been a major focus of post-crisis regulation.
- This article takes stock of the enhancements made to Pillar 3 disclosures since the financial crisis, and considers what progress could be made in the future.
Download PDF