Risk Management Disclosure: Evidence from the UK Banks

The previous us corporate scandals and financial crisis are have given rise to corporate transparency. As a result, there is now greater demand for increased corporate a disclosures for stakeholders particularly Risk Management Disclosure (RMD).  The main goal of this study is to examine the extent of change in disclosure quantity of corporate risk management in the UK bank’s annual financial reports over a period of six years (2011-2016). Stakeholder and agency theory has been used to interpret the extent of RMD. Content analysis approach has been undertaken of a sample of five UK Banks’ reports. The results reveal that the RMD quantity has been increased significantly in the selected banks due to regulations and increased pressures by stakeholders after the financial crisis. Nevertheless, there is a variation found in the bank risk disclosure since a few banks revealed less and did not enhance the extensive coverage of disclosure. The need for more sound regulation regarding risk information disclosure required to safeguard against agency cost and crisis