This paper aims to examine the market risk disclosure practices of large Italian banks. The contribution provides insights on the way banks should provide information about market risk. The problem related to the asymmetric information between banks from one side, and investors and stakeholders on the other, represents a crucial issue that requires further considerations by scholars and regulators.,This contribution adopts a mixed methodological approach to analyse both qualitative and quantitative profiles of market risk disclosure in banking. This paper analyses the most important documents Italian banks are required to prepare for risk disclosure purposes, namely the management commentary, the Basel Pillar 3 disclosure report and the notes.,The results show that banks do not fully exploit the potentialities of management commentary and Pillar 3 disclosure report. Various areas of information overlapping between the different financial reports worsen the overall comprehensibility and relevance of bank risk reporting.,The reduction of the information overlapping, the careful choice of the location of the information and more appropriate use of the management commentary to provide qualitative information about market risk strategies represent crucial areas of improvement banks and regulators should take into account.,Providing an in-depth analysis of the market risk disclosure practices of a sample of large Italian banks, this paper detects the main drawbacks of their market risk reporting and provides useful recommendations to improve it.

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对市场风险披露的实证研究：意大利银行是否有改善的空间？

本文旨在研究意大利大型银行的市场风险披露做法。该贡献提供了有关银行应如何提供有关市场风险信息的见解。一方面与银行之间，投资者与利益相关者之间的信息不对称相关的问题是一个至关重要的问题，需要学者和监管机构进一步考虑。该研究采用混合方法论方法来分析银行的定性和定量特征银行市场风险披露。本文分析了意大利银行为披露风险而需要准备的最重要的文件，即管理层评论，巴塞尔第三支柱披露报告和注释。结果表明，银行没有充分利用管理层评论和支柱3披露报告的潜力。不同财务报告之间信息重叠的各个领域使银行风险报告的整体可理解性和相关性恶化。减少信息重叠，谨慎选择信息位置以及更适当地使用管理评论以提供定性信息关于市场风险策略代表了银行和监管机构应考虑的关键改进领域。，提供了对意大利大型银行样本的市场风险披露实践的深入分析，本文发现了其市场风险报告的主要弊端以及提供有用的建议以对其进行改进。