The disclosure of information by banks is beneficial to several categories of the public as well as to the stability of the financial system. Operational risk disclosures are particularly important, since operational losses may impact both the financial condition and the reputation of banks. This paper compares the levels of operational risk disclosure in the banking industries of India and Romania. We develop an unweighted disclosure index with forty-three items, with data collected from the 2015 annual reports of all commercial banks in India and Romania. We then perform a regression analysis to investigate the extent to which banks’ characteristics impact the level of operational risk disclosure in these two countries. First, our results reveal a similarly low level of disclosure, namely an overall index average of 27% in the case of India and of 29% in the case of Romania. These results are surprising, as India’s culture appears to be more inclined toward transparency than Romania’s. Second, our results point toward a positive association between bank size and the level of operational risk disclosure. This paper contributes to the existing body of research, which comprises few empirical studies on the particular topic of operational risk disclosure in banks.

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银行操作风险披露实践：来自印度和罗马尼亚的证据

银行的信息披露有利于几类公众，也有利于金融体系的稳定。操作风险披露尤为重要，因为操作损失可能会影响银行的财务状况和声誉。本文比较了印度和罗马尼亚银行业的操作风险披露水平。我们使用从印度和罗马尼亚所有商业银行 2015 年年报中收集的数据，制定了一个包含 43 个项目的未加权披露指数。然后，我们进行回归分析，以调查银行特征对这两个国家操作风险披露水平的影响程度。首先，我们的结果揭示了同样低的披露水平，即印度的整体指数平均值为 27%，罗马尼亚为 29%。这些结果令人惊讶，因为印度的文化似乎比罗马尼亚的文化更倾向于透明。其次，我们的结果表明银行规模与操作风险披露水平之间存在正相关关系。本文对现有的研究机构做出了贡献，其中包括对银行操作风险披露这一特定主题的少量实证研究。