| With the quickening globalization of economy and finance, with the promotion of the domestic reform in financial system and development of market economy, with our country's entry into World Trade Organization as a full member In recent years, the commercial bank in our country is in a great transitional period. On one hand, banking industry must "open its door" gradually, and some new commercial banks and foreign-owned banks will enter the financial market in our country soon. An unprecedented competition situation is taking shape progressively; On the other hand, domestic commercial bank certainly will go abroad gradually to seek the opportunity and capital to improve the structure of capital, and their competency. So, it is imperative that commercial bank in our country follow the international practice and carry on disclosure of information in accordance with the world standard. Recently, specific demands have been put forward by Basel Committee in the New Basel Capital Accord. Contrasted with the demands, the gap is obvious in the information disclosure between our country and some foreign countries. Our country lags far behind not only the member countries of Basel Committee such as USA, UK but also the non-member countries such as Hong Kong, Singapore in terms of information disclosure. In the present domestic and international economy and finance, it is essential that the commercial banks strengthen disclosure of information to promote their managerial skill, and strengthen market power which restrains the banks' behavior and it is also important for commercial banks to reform deeply, participate in international competition and ensure financial system steadily. The commercial banks, which disclose information outward, will help investors, depositors, parties at interest to learn the condition of management and the risk, which will help to protectthemselves from loss; will contribute to market discipline ; will contribute to the improvement the managerial skills and management steadily; will contribute to maintain the safety of the banks which is the effective complement to banking supervision and will contribute to improve the image of commercial banks which will help them attract foreign capital and develop. In May of 2002, the People's Bank of China issued "the Temporary Means of Information Disclosure of Commercial Bank" formally. This is the first regulatory file about the information disclosure in respect of the commercial bank of our country, which takes a key step toward establishing and perfecting the information disclosure institution of commercial banks in our country. So this paper "commercial bank's information disclosure institution - theory and practice" has important meaning both in theory and in practice for research at this moment. This paper begins with" the hypothesis of voluntary information disclosure by banks" logically, in the way of new classical economics and new institutional economics theory. The author explains the need to set up mandatory information disclosure institution from information asymmetry, banks' confliction negative outside with the administrator's role. Then, The author will compare information disclosure standard set up by Basel Committee with that in Singapore, Hong Kong and Korea S., and throw some light on implementing and perfecting the information disclosure institution of commercial banks in our country. And on the first two foundations, current situation of commercial banks and restriction factors of disclosure of information will be analyzed. In the end, the conclusions will be made on how to perfect bank information disclosure. The contents of this paper are as follows:Chapter One mainly analyzes disclosure of information of the commercial bank in economic way. First of all, this text gives a definition to information disclosure and relevant literature. Before theoretical analysis, what will be pointed out are the two logic assumptions: thehypothesis of voluntary information disclosure by banks and the existence of sel... |
PDF Full Text Request