Central Europe banks need to 改善する transparency to 支持を得ようと努める 投資家s
By Laura Noonan and Marton Dunai
LONDON/BUDAPEST, Sept 3 (Reuters) - Banks in central and eastern Europe 危険 行方不明の out on 有益な foreign 投資 if they fail to step up 成果／努力s to 供給する clearer （警察などへの）密告，告訴（状） about their 財政上の health.
The 地域 has 伸び（る）d a 評判 as one of the European banking 産業's weak 位置／汚点／見つけ出すs after the 崩壊（する） in June of Bulgaria's Corpbank, which 誘発する／引き起こすd the first bank run since the 財政上の 危機.
Other banks have also raised alarm bells. Austria's Erste had a 利益（をあげる）-警告 in July because of troubles in Hungary and Romania. Slovenia had to spend 3 billion euros last year to 救助（する） troubled banks.
People 伴う／関わるd in the banking 部門 said the poor 質 of （警察などへの）密告，告訴（状） 利用できる in some parts of the 地域 - as 輪郭（を描く）d in a Reuters 分析 of nine countries - is not enough on its own to 原因（となる） a 危機. But they said it was a deterrent for 投資家s, since they must price in the 危険 of the unknown.
"What we've seen in a number of markets (across Europe) is that the ignorance wasn't just outside, the banks themselves didn't know the （警察などへの）密告，告訴（状）," said Ajay Rawal of Alvarez & Marsal, a consultancy that has worked in euro zone 危機 位置／汚点／見つけ出すs 含むing Spain, Ireland, Cyprus and central and eastern Europe.
不十分な 財政上の 報告（する）／憶測ing can also signal underlying problems in a country's 財政上の system .
直す／買収する，八百長をするing this 問題／発行する is 決定的な for growth across the 地域. Countries like Romania, Poland, Hungary and Lithuania are 推定する／予想するd to grow faster than the wider European economy in 2014. But this growth could be put at 危険 as bank lending is 存在 妨害するd by bad 貸付金s that are also a worry for 投資家s.
European Bank for 再建 and 開発 長，率いる Suma Chakrabarti told Reuters this week the 状況／情勢 was so bad in some Balkan countries that an 産業-wide 解答 for problem 貸付金s would have to be 設立する.
FILLING IN THE BLANKS
Reuters' 分析 shows （警察などへの）密告，告訴（状） about the 明言する／公表する of the 財政上の 部門 in the 地域 落ちるs short of western European norms in several countries. 詳細（に述べる）d 年４回の accounts that are the 中心的要素 of 財政上の 報告（する）／憶測ing are hard to come by in places like Hungary, Romania and Slovenia.
In other 事例／患者s, when 年４回の 報告（する）／憶測s are 利用できる, 重要な numbers can be 行方不明の, 含むing 詳細（に述べる）s of how much banks have 始める，決める aside for 非，不，無-成し遂げるing 貸付金s, growth in 非，不，無-成し遂げるing 貸付金s and standardised 資本／首都 割合s.
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Bank 分析家s said that some banks have excellent 公表，暴露s, 含むing large banks in Poland, the Czech Repubic and Slovakia. But Rawal said that transparency was a "mixed picture" across the 地域.
Istvan Lengyel, 長，率いる of the Banking 協会 for Central and Eastern Europe (BACEE), said: "In some 事例／患者s, it's not a 決定／判定勝ち（する） of a 子会社 to be transparent or not, it's 決定／判定勝ち（する） of the parent bank." He pointed to foreign banks in these markets where accounts have 変化させるing levels of 詳細（に述べる）.
But Lengyel said 地元で-owned banks are often even いっそう少なく transparent than foreign-owned 支店s, because they do not depend on international markets for 基金ing or 公正，普通株主権.
Banks that do not publish 十分な 年４回の accounts 含む the Hungarian 子会社s of MKB, UniCredit, Raiffeisen and Intesa Sanpaolo, 同様に as several small 地元の banks in Romania.
"It's not ideal across the board, but 公表，暴露s are 改善するing and they will probably continue to 改善する," Paul Formanko, 長，率いる of CEEMA banks 研究 for JP Morgan, said. He said crises tended to be catalysts for 改善するd 公表，暴露.
LOTS TO GAIN
Christian Stracke, managing director at 全世界の 資産 経営者／支配人 Pimco, said 投資家s in 現れるing market banks had an all-or-nothing approach partly because of the 欠如（する） of transparency.
"What you'll often see is that 投資 in 現れるing markets banks, whether it's 公正，普通株主権s or 負債, it's 肉親，親類d of a derivative of whatever the 全世界の 投資家 base is doing in a given country," he said. "If we like Turkey today then we're buying Turkish 政府 社債s ... and we're buying Turkish bank 安全s ... There's an undifferentiated Turkey 危険, that's 大部分は because there's not a lot of （警察などへの）密告，告訴（状）."
For many of these markets to really 円熟した, there needs to be differentiation across 会・原則s, said Newport Beach-based Stracke, who is also co-議長，司会を務める the 高めるd 公表，暴露 Taskforce, 始める，決める up to 促進する 改善するd bank 公表，暴露.
"The only way you're going to get that is with 適する, high-質, 正規の／正選手 （警察などへの）密告，告訴（状） ... so that when the tide turns and 投資家s decide they want to get out of whatever country you're talking about there may get out of the 女性 指名する first and stay in the stronger 指名する," he said.
BACEE - which Lengyel said had struggled to gather even 年次の 報告（する）／憶測s in some of the 30 markets its 20 members come from - believes banks should be more transparent to 減ずる the "systemic 危険" created by （警察などへの）密告，告訴（状） 黒人／ボイコット 穴を開けるs.
欠如（する） of transparency is usually a factor in crises, although not their main 原因（となる）, an 公式の／役人 伴う／関わるd in 財政上の 部門 再編成 said. "It's not the 欠如（する） of market discipline which usually takes 負かす／撃墜する the banks, but some murky 取引，協定s ... something which is not easily （悪事，秘密などを）発見するd by the markets."
The European （売買）手数料，委託（する）／委員会／権限 has been working on a 一括 of new 公表，暴露s that EU banks will have to 従う with across different markets from next year.
Some 国家の regulators are already 押し進めるing for more, such as in Slovakia, where the central bank 要求するs 貸す人s to publish 年４回の accounts, and Croatia, where the central bank publishes some 年４回の data for more than 30 指名するd banks.
Bulgaria, Romania and Slovenia have 月毎の 非，不，無-成し遂げるing 貸付金s 派遣（する）s that are more たびたび（訪れる） than the 年４回の 報告（する）／憶測s 用意が出来ている in most of the euro zone.
BACEE hopes to see results next year from an 率先 to 促進する greater transparency in the 地域. "I don't want to over-見積（る） our 影響（力）," said Lengyel. "It should be the market or the regulator 需要・要求するing first of all more transparency. We have a small part." (報告（する）／憶測ing By Laura Noonan; 付加 報告（する）／憶測ing by Marja Novak in Ljubljana, Robert Muller, Jason Hovet in Prague, Ivana Sekularac in ベオグラード, Igor Ilic in Zagreb, Marcin Goclowski in Warsaw, Radu-Sorin Marinas in Bucharest, Tsvetelia Tsolova in Sofia. Editing by Jane Merriman)
