form and substance with disclosure regulations. We exploit the fact that banks are subject to equivalent risk disclosure …. However, formal compliance with the disclosure requirements does not necessarily convert into more transparent reporting … around Pillar 3 adoption and associated with the content of certain disclosure items …

disclosure regulations. This analysis is important because coordination problems among regulators are frequently present in … practice but often overlooked in academic research. We exploit that banks are subject to equivalent risk disclosure rules under … the central bank is responsible for bank supervision and bank regulators are equipped with more supervisory resources, but …