Transparency, Accounting Discretion And Bank Stability

Bank transparency can be defined as the availability to outside stakeholders of relevant, reliable information about the periodic performance, financial position, business model, governance, and risks of banks. Outside stakeholders include depositors, investors, borrowers, counterparties, regulators, policy makers and competitors. Transparency is the joint output of a multi-faceted system whose component parts collectively produce, gather, validate and disseminate information to participants