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The University of Southampton
Centre for Risk Research

Are UK banks transparent when reporting risks in annual reports? An in-depth study of HBOS and HSBC Event

Oluwaseun Osituyo
Time:
13:00 - 14:00
Date:
10 May 2017
Venue:
Room 1085 Building 2 Highfield Campus University of Southampton SO17 1BJ

For more information regarding this event, please telephone Dr Ian G.J. Dawson on 02380 598094 or email I.G.Dawson@Soton.ac.uk .

Event details

In recent years, risk reporting and board competence have drawn the attention of stakeholders. Oluwaseun Osituyo's research explores the possibility of adumbration in risk reporting (i.e., risk disclosure as a partial revelation of actual and anticipated events). She conducted an investigation on annual reports of two banks that performed differently with regards to funding during the financial crisis of 2007 to 2009. She also investigated the potentiality of a relationship between board expertise in risk management and banking related roles prior to appointment, and the degree of transparency or adumbration in risk reporting of each bank. The results indicate that adumbration in risk reporting was mostly practiced by the failed bank. Oluwaseun also found that at the successful bank, where risk disclosure was more extensive, most executive directors had extensive experience in banking and possessed relevant professional qualifications compared to the failed bank.

Speaker information

Oluwaseun Osituyo, University of Southampton, is a PhD student at Southampton Business School. She is currently conducting research on risk disclosure practices in the UK banking industry and is working under the supervision of Dr Oliver Marnet and Dr Ian Dawson. Her recent research investigates adumbrative risk disclosures by banks in the pre and post financial crisis period of 2007 to 2009.

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