Just in time the NAB and CBA have published their Pillar 3 disclosures. Just on sheer weight alone, the CBA wins the overall disclosure stakes, with a 52 page (count ’em, 52) short form disclosure. There is comprehensive disclosure of everything I can see (just on a quick look) and numbers galore. Magnificent. This is what disclosure really means.
Besides that the NAB’s looks puny – but they still beat the ANZ’s.
I will run the numbers over the weekend and get back to you. If there are any particular areas you want me to look at, mention them in comments and I will try to do so.
The only problem with the CBA’s disclosure is that it will take a fair bit more to digest that the others.
ANZ, NAB and WBC – in this at least you can look to the CBA to show you how it should be done. [Andrew then stares happily at a lot of numbers]
3 comments
27 February, 2009 at 17:10
Matt
Hi Andrew – Agree that CBA’s release is a terrific example that should be commended. I’m always curious how banks deal with operational risk allowance and disclosure. Any relevant nuggets you spot and share would be appreciated.
Cheers!
2 March, 2009 at 21:14
jason
Andrew – you are comparing ‘apple’ and ‘oranges’ here. CBA’s release coincided with its half-year profit announcement. Others are still in their quarterly ‘mode’. Half-year and full year disclosures are more extensive. CBA’s financial year is ‘out -of- cycle’ with its peers.
3 March, 2009 at 14:16
Andrew
Jason,
I know that CBA’s cycle is different to the others – but their pillar 3 disclosures are massively larger than all of the others put together and much more than you would need to cover even the most comprehensive half-year numbers.
While they may be the most over capitalised of the banks they are certainly doing the best on their disclosures.