Essays on risk disclosure and banking regulation: empirical studies on climate risk, IFRS 9 and financial stability

The disclosure of banks has continued to be important in both academic research and practical applications, especially in light of ongoing regulatory initiatives. This relevance arises from two primary sources: first, the response to criticisms of financial reporting that emerged in the aftermath of the 2008 global financial crisis, which led to adjustments in regulatory disclosures and accounting standards; and second, the evolving significance of new types of risks.
The objective of this dissertation is to explore the relationship between various disclosure regimes in the banking sector, the management of banks, and financial stability. Consequently, this dissertation extends the regulatory debate initiated by the Basel Committee of Banking Supervision to examine the impact of accounting and disclosure regulations on bank behavior. Through empirical research, this dissertation aims to determine whether the measures introduced by policymakers and regulators following the financial crisis are effective in addressing the shortcomings of banks' risk disclosure and whether these reforms can strengthen the financial system and make it more resilient. Additionally, this dissertation examines the interplay between different levels of disclosure regulation and how it affects the guidance of a bank's behavior. The research questions were analyzed in four essays: Based on a Systematic Literature Review, three empirical studies examine different perspectives and facets of risk disclosure and banking regulation.