Divulgação do risco operacional em corporações multinacionais bancárias: comparação entre subsidiárias brasileiras e matrizes estrangeiras

Abstract

This work tries to verify the congruence level between the operational risk disclosure practices adopted by nine subsidiaries of multinational bank corporations that operate in Brazil and the operational risk disclosure practices adopted by the corresponding central offices in their countries of origin. The sample was selected based on the report ‘50 Maiores Bancos’ (50 Largest Banks), of the Central Bank of Brazil, December 2004. Data was collected from annual reports and other disclosure instruments from the years of 2003 and 2004. Content analysis was used and the elements of analysis were nine categories and eighteen sub-categories based on operational risk disclosure review. The Wilcoxon Test was used. It was verified that the congruence level between the operational risk disclosure adopted by central offices and their corresponding subsidiaries was of 29.63% in 2003 and 32.72% in 2004. The test result showed that the multinational bank corporations did not show differences between the 2003 and the 2004 congruence levels. In general, the results indicate that the operational risk disclosure practices that the subsidiaries adopted were different from the disclosure practices the corresponding foreign central offices adopted.