DISCLOSURE OF THE OPERATIONAL RISK IN BANKING INSTITUTIONS LISTED ON BM&FBOVESPA

The objective of this article was to analyze compliance with the requirements of the Basel Committee on Banking Supervision for the disclosure of operational risks through an analysis of the risk reports of the banking institutions that are listed on BM & FBovespa. The research is justified by the importance of information about risk in decision making, which makes salutary the adequate disclosure of this event. To reach the proposed objective, the risk management reports made available by the banking institutions listed on the Bovespa in 2014 were analyzed. The research was developed through content analysis, according to the preanalysis, exploration, treatment, inference and interpretation of the secondary data. The sample was composed of 26 banks listed on the BM & FBovespa in 2015, separated by the Traditional Market and Corporate Governance Level segments. The results revealed that Brazilian banking institutions are adhering to the recommendations of the Basel Committee. However, the comparability tests among the sampled groups point out that the banking institutions belonging to the differentiated levels of governance do not present a better transparency for disclosure of operational risks in relation to the institutions belonging to the BM & FBovespa's traditional market. This result is in line with the idea that the BM & FBovespa's differentiated levels, offered in the market to give investors greater security, are more transparent.