Banks, Risk and the Financial Crisis
Management School study into UK bank risk disclosures and the financial crisis published by accountancy institute.
More lucid and coherent risk reports need to be developed to promote a better understanding of the risks banks are facing, according to a new independent study by York Management School academic, Philip Linsley.
The research report, newly published by the Institute of Chartered Accountants in England and Wales (ICAEW) Centre for Business Performance, examines the risk disclosures of eight major UK banks in the period through to the onset of the current financial crisis.
Iain Coke, Head of ICAEW Financial Services Faculty, commented: “This is an important study which provides credible, independent evidence about how banks presented risk information in the build up to the financial crisis … the research also highlights the challenge of providing such disclosures.”
The report titled ‘UK bank risk disclosures in the period through to the onset of the the global financial crisis’ is available from the ICAEW.