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Palgrave Macmillan

Mandatory Financial Disclosures and the Banking Sector

A Principal-Agent Framework

  • Book
  • © 2023

Overview

Authors:
  1. Kumar Dasgupta

    1. Judge Business School, University of Cambridge, Cambridge, UK

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  • Analyses the regulatory pronouncements of the Basel Committee on Banking Supervision (BCBS) over three decades
  • Evaluates the extent to which mandatory disclosures are taken on board by market participants
  • Outlines policy implications on the design, efficacy, implementation, and limitations of regulation in an economy

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About this book

This book explores mandatory disclosures. The book raises questions regarding the efficacy of market discipline and reaches a conclusion that seems to be borne out by the recent failure of Silicon Valley Bank and Credit Suisse. The book starts by asking the question why do we need mandatory disclosures. First, it develops a framework using a Principal-Agent model that provides an economic rationale for such disclosures. Second, it analyses the requirements outlined in Basel banking regulations over three decades and finds support for the propositions outlined in the developed framework in all key BCBS pronouncements. Last, the book empirically evaluates Pillar 3 disclosures and arrives at the surprising result that such disclosures do not seem have an impact on bond investors. The book concludes by outlining the policy implications regarding the design, efficacy, implementation, and limitations of regulation in an economy.

Keywords

Table of contents (6 chapters)

  1. Front Matter

    Pages i-xvii
    Download chapter PDF

  2. Introduction

    • Kumar Dasgupta
    Pages 1-7

  3. The Enigma of Mandatory Disclosures

    • Kumar Dasgupta
    Pages 9-21

  4. Mandatory Disclosures as a Principal-Agent Paradigm

    • Kumar Dasgupta
    Pages 23-47

  5. Information Asymmetry and Banking Regulations

    • Kumar Dasgupta
    Pages 49-105

  6. Information Content and Pillar 3 Disclosures

    • Kumar Dasgupta
    Pages 107-148

  7. Conclusion

    • Kumar Dasgupta
    Pages 149-155

  8. Back Matter

    Pages 157-173
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Authors and Affiliations

  • Judge Business School, University of Cambridge, Cambridge, UK

    Kumar Dasgupta

About the author

Kumar Dasgupta is currently a Visiting Faculty  in Accounting at the University of Cambridge, Judge Business School, UK and also the Technical Director (part-time) at the IVSC, the body responsible for setting global standards on valuations. Prior to this Kumar was Technical Director at the IFRS Foundation, and was responsible for projects relating to financial instruments accounting. Prior to his involvement in standard setting, Kumar was a partner in PricewaterhouseCoopers.

Bibliographic Information

  • Book Title: Mandatory Financial Disclosures and the Banking Sector

  • Book Subtitle: A Principal-Agent Framework

  • Authors: Kumar Dasgupta

  • Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions

  • DOI: https://doi.org/10.1007/978-3-031-37212-4

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023

  • Hardcover ISBN: 978-3-031-37211-7Published: 28 July 2023

  • Softcover ISBN: 978-3-031-37214-8Published: 15 August 2024

  • eBook ISBN: 978-3-031-37212-4Published: 27 July 2023

  • Series ISSN: 2523-336X

  • Series E-ISSN: 2523-3378

  • Edition Number: 1

  • Number of Pages: XVII, 173

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Financial Services, Finance, general

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