EDTF disbanded
17 May 2016
The Financial Stability Board (FSB) has announced that its Enhanced Disclosure Task Force (EDTF) has completed its work.
The EDTF was formed in May 2012 at the initiative of the FSB as a consequence of the global financial crisis in a move to improve the risk disclosures made by banks. In October 2012, the EDTF published a report recommending key enhancements and identifying seven fundamental principles for enhancing risk disclosure. In three subsequent reports the EDTF measured the banks' progress against the recommendations in the report; the last one was published in December 2015. The FSB now believes that a further survey is unlikely to deliver significant increases and has therefore formally disbanded the task force.
Please click for the press release on the FSB website.
