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A Disclosure Regime

In: Improving Banking Supervision

Author

Listed:
  • David G. Mayes
  • Liisa Halme
  • Aarno Liuksila

Abstract

Disclosure is a word without any accepted detailed meaning. Increasing transparency is very much in vogue at present. The IMF, for example, adopted the ‘Code of Good Practices on Transparency in Monetary and Financial Policies: Declaration of Principles’ in September 1999. Buiter (1999) and Issing (1999) both espouse the cause of transparency for the European Central Bank, but with strongly conflicting views about what such transparency entails. The same applies to transparency in financial markets. Few would argue against it, as this would be taken to imply that they had something to hide but there is only limited agreement on what should be disclosed.

Suggested Citation

  • David G. Mayes & Liisa Halme & Aarno Liuksila, 2001. "A Disclosure Regime," Palgrave Macmillan Books, in: Improving Banking Supervision, chapter 7, pages 147-197, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-28819-5_7
    DOI: 10.1057/9780230288195_7
    as

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