This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues …, banks' disclosures about relevant risk exposures were relatively sparse. Such disclosures came later after major concerns … about banks' exposures had arisen in markets. Similarly, the recognition of loan losses was relatively slow and delayed …

disclosure is conducive to bank stability. We find that bank deposits are sensitive to perceived bank performance. While banks … with strong fundamentals benefit from more precise disclosure, an opposing effect is present for solvent banks with weaker …We study the impact of disclosure about bank fundamentals on depositors' behavior in the presence (and absence) of …

simpler note, corporate commitments to RPE could be mere exercises in empty rhetoric. We address both issues and test the use … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …

financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk … exposures were relatively sparse. Such disclosures came later after major concerns about banks' exposures had arisen in markets …. Similarly, banks delayed the recognition of loan losses. Banks' incentives seem to drive this evidence, suggesting that …

banking and pay particular attention to banks that openly disclose its use. To that end, we collect compensation data on 46 … large international banks. Taken as a whole, our sample shows moderate evidence consistent with RPE. We report stronger … evidence once we investigate the subsample of RPE-disclosing banks. These results hold up to a series of robustness checks. In …