CEBS finds no improvement in bank transparency
Mar 25, 2009
A study by the Committee of European Banking Supervisors (CEBS) about banks' transparency about exposures affected by the financial crisis concludes that the 'disclosures made by 19 banks in their last quarter (4Q) and preliminary year-end (YE) reports do not show significant improvements compared to the information provided in the 2008 interim results'.
There is still 'room for improvement' in qualitative disclosures about business models and risk management. And the study found that quantitative disclosures by some banks were 'somewhat less detailed than previously'. Click to download the report (PDF 125k).