This paper critically reviews the evolution of financial reporting in the banking sector with specific reference to the … questions the usefulness of published VaR disclosures, concluding that risk 'disclosure' might be more apparent than real. It … also looks at some of the implications for risk reporting practice and the accounting profession more generally. …

Purpose – This paper aims to study the effect of new regulatory requirements on disclosure through a longitudinal study … setting there is an evolution from a voluntary disclosure environment toward a regulated one, with the gradual introduction of … narrative risk disclosure. Non‐parametric statistics are used to test the hypotheses. Findings – It is found that even when new …