Resources for Basel II Capital Accord (Basel II)
Canadian Banks Will Disclose More Details on Risk Practices
www.bloomberg.com Canadian banks including Royal Bank of Canada and Toronto-Dominion Bank will begin disclosing more information on their risk management starting as early as next month when they release first-quarter results.
Under new rules set by Basel II, a global standard for capital and risk practices, banks will be required to disclose 14 measures to investors, said Vivek Wadhwa, a principal at consulting firm McKinsey & Co. Some of these measurements will be disclosed quarterly, while others will be annually.
The measures are ``to increase transparency and enable market participants to obtain and assess important information,'' Wadhwa, a Basel II expert, told a conference in Toronto today. ``You'll see a significantly higher level of disclosure in Basel II compared to what was in Basel I.''
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