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News and Issuances BankNet  HelpWithMyBank.gov  Job Seekers |
NR 2008-39
FOR IMMEDIATE RELEASE
April 11, 2008 Contact: Kevin M. Mukri
(202) 874-5770 Senior Supervisors Group Issues Report on Leading-Practice Disclosures for Selected ExposuresWASHINGTON — Senior financial supervisors from five countries (collectively the "Senior Supervisors Group") today issued a report that reviews the disclosure practices of financial services firms concerning their exposures to certain financial instruments that the marketplace now considers to be high-risk. This report - Leading-Practice Disclosures for Selected Exposures - provides examples of current leading practices in the reporting of information about exposures associated with such instruments as collateralized debt obligations, residential mortgage-backed securities, commercial mortgage-backed securities, other special purpose entities, and leveraged finance loans. This work was undertaken in response to a request from the Financial Stability Forum. # # #
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