Requiring banks to disclose information on types of investments in the capital market
The head of the publishers’ supervision department of the financial and service group of the stock exchange organization announced:
Saeed Vashghani Farahani, head of the Publishers Supervision Department of the Financial and Services Group of the Stock Exchange and Securities Organization, said: “From now on, all banks admitted to the capital market are required, in addition to disclosing information about the facility.” Also disclose payments to customers and deposits received from depositors, information on investing in bonds, investing in stocks and financial expenses on a monthly basis.
The head of the Publishers Supervision Department of the Financial and Services Department of the Stock Exchange and Securities Organization explained: “Since the beginning of this week, an important step has been taken to improve the information transparency of banks with extensive changes in the content of their monthly activity reports.”
Vashghani Farahani added: “According to the emphasis of the head of the Stock Exchange and Securities Organization in order to further improve the transparency and quality of information disclosed by publishers, the first step in this direction was taken in the group of banks and credit institutions.” By changing the content of the monthly activity report of banks, information transparency in this industry will be improved and all the activities of capital market banks will be disclosed on a monthly basis in the Cadal system.
He stressed: “By separating the information related to revenues and expenses related to operations, from the information related to facilities and deposits, an attempt has been made to increase the ability to use the information of the monthly activity report of banks.”
Vashghani Farahani stated: “Important programs to increase the information transparency of all companies under the supervision of this office in the Exchange and Securities Organization and in interaction with other policy institutions such as the Central Bank and Central Insurance and… are underway that over time and operation Capital market participants will be notified of the mentioned programs.