Introduction
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PD-1.3.1
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
Banks (referred to under Section PD-1.2) should, in their Annual Reports, provide timely information which facilitates market participants' assessment of them. There are seven broad categories of information (as set out in Paragraphs PD-1.3.5 to PD-1.3.11 and Section PD-1.4), each of which should be addressed in clear terms and with appropriate details to help achieve a satisfactory level of bank transparency.
October 07PD-1.3.2
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The disclosure requirements listed in Paragraphs PD-1.3.5 to PD-1.3.11 and Section PD-1.4 below are in addition to or serve to clarify the disclosure requirements of IASs. These requirements may be:
(a) Integrated into the Notes to the Accounts; or(b) Addressed in the Directors' Report.October 07PD-1.3.3
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
The Central Bank requires that all banks referred to under Section PD-1.2 should maintain an up-to-date checklist of all applicable International Accounting Standards (IASs) (including disclosure requirements) and the requirements set out in this Section for full compliance purposes.
October 07PD-1.3.4
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
If a bank is not able to achieve full compliance with the requirements stated in this Chapter, a meeting should be held with the Director of Banking Supervision Directorate at the Central Bank in the presence of the concerned external auditors to discuss the reasons for such non-compliance prior to the finalization of the Annual Report.
October 07