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- Title
Análise da aderência do disclosure da gestão de riscos pelas instituições financeiras à circular Bacen 3.477.
- Authors
Campos Torres, Mônica; Caio Galdi, Fernando
- Abstract
The Central Bank of Brazil published the notice number 3.477/09 that reports on the requirement to make public information related to risk management, to both Patrimônio de Referência Exigido and to Patrimônio de Referência. This study observes the level of publicizing on this type of information by the financial institutions, taking into account the guidelines presented in the notice mentioned above. Results demonstrate that only 49.5% of institutions published information as requested by the norm. The size, the level of exposure to derivatives, and the level of financial leverage were the variables that presented significant statistical results, in a negative relation to the level of financial leverage.
- Subjects
BRAZIL; RISK management in business; RISK management of financial institutions; FINANCIAL disclosure; BANCO Central do Brasil; BUSINESS size; DERIVATIVE securities
- Publication
Revista Contemporânea de Contabilidade, 2013, Vol 10, Issue 21, p137
- ISSN
1807-1821
- Publication type
Article
- DOI
10.5007/2175-8069.2013v10n21p137