LEADER 03439nam 22005055 450 001 9910736015603321 005 20230727154124.0 010 $a3-031-37212-3 024 7 $a10.1007/978-3-031-37212-4 035 $a(MiAaPQ)EBC30668282 035 $a(Au-PeEL)EBL30668282 035 $a(DE-He213)978-3-031-37212-4 035 $a(EXLCZ)9927867629200041 100 $a20230727d2023 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aMandatory Financial Disclosures and the Banking Sector$b[electronic resource] $eA Principal-Agent Framework /$fby Kumar Dasgupta 205 $a1st ed. 2023. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Palgrave Macmillan,$d2023. 215 $a1 online resource (182 pages) 225 1 $aPalgrave Macmillan Studies in Banking and Financial Institutions,$x2523-3378 311 08$aPrint version: Dasgupta, Kumar Mandatory Financial Disclosures and the Banking Sector Cham : Palgrave Macmillan,c2023 9783031372117 327 $a1. Introduction -- 2. The Enigma of Mandatory Disclosures -- 3. Mandatory Disclosures as a Principal Agent Paradigm -- 4. Information asymmetry and banking regulations -- 5. Information content and pillar 3 disclosures -- 6. Conclusion. 330 $aThis book explores mandatory disclosures. The book raises questions regarding the efficacy of market discipline and reaches a conclusion that seems to be borne out by the recent failure of Silicon Valley Bank and Credit Suisse. The book starts by asking the question why do we need mandatory disclosures. First, it develops a framework using a Principal-Agent model that provides an economic rationale for such disclosures. Second, it analyses the requirements outlined in Basel banking regulations over three decades and finds support for the propositions outlined in the developed framework in all key BCBS pronouncements. Last, the book empirically evaluates Pillar 3 disclosures and arrives at the surprising result that such disclosures do not seem have an impact on bond investors. The book concludes by outlining the policy implications regarding the design, efficacy, implementation, and limitations of regulation in an economy. Kumar Dasgupta is currently a Visiting Faculty in Accounting at the University of Cambridge, Judge Business School, UK and also the Technical Director (part-time) at the IVSC, the body responsible for setting global standards on valuations. Prior to this Kumar was Technical Director at the IFRS Foundation, and was responsible for projects relating to financial instruments accounting. Prior to his involvement in standard setting, Kumar was a partner in PricewaterhouseCoopers. 410 0$aPalgrave Macmillan Studies in Banking and Financial Institutions,$x2523-3378 606 $aFinancial services industry 606 $aFinance?Law and legislation 606 $aFinancial Services 606 $aFinancial Law 615 0$aFinancial services industry. 615 0$aFinance?Law and legislation. 615 14$aFinancial Services. 615 24$aFinancial Law. 676 $a332.17 700 $aDasgupta$b Kumar$01380200 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910736015603321 996 $aMandatory Financial Disclosures and the Banking Sector$93421476 997 $aUNINA