The Objects And Frontiers Of Commercial Bank's Information Disclosure

After the Basel Committee on Banking Supervision enacted market discipline as one pillar of the"The New Basel Capital Accord", the information disclosure has became one focus for the Scholars and bankers, but there are many disputes about Commercial banks'information disclosure.Most researches about the information disclosure focused on the Commercial banks but not the Creditors,debtors,shareholders or other stakeholders. And Basel Committee on Banking Supervision also neglects the stakeholders'rights. The traditional theory used to discuss the commercial banks'disclosure with cost-benefit analysis. For information asymmetric, the commercial banks need to disclosure related information.But the commercial banks decide whether disclosure the information by the cost-benefit analysis, as high cost, the commercial banks are always averse from information disclosure. And there is not any consistent about the cost-benefit analysis and the mandatory disclosure. But the cost-benefit analysis is not suitable for the analysis of Commercial bank's information disclosure, for the obligation of information disclosure is created by the stakeholders'well-informed rights. The well-informed rights mean that the commercial bank must implement the disclosure obligation without cost-benefit analysis.So in this paper, I treat Commercial banks'information disclosure as an obligation for the stakeholders'well-informed rights. The stakeholder theory is the better way to understand the commercial banks'disclosure, it is explicable for that who and how the information should be disclosure to.In China, there are lots of provisions on commercial banks'information disclosure, but these provisions are ambiguous, and the stakeholders'well-informed rights are easy to violation. Lots cases about commercial banks'information disclosure were sued to the Court, but for the lawless, the court's judgements are in disagreenment with each other.So the legislature and judicature should draw out some detailed provisions on the commercial banks'information disclosure.So we should change the commonsense that information disclosure is only for the financial safety but not stakeholders'rights, and we should consummate the market discipline.