Press Release
Senior Supervisors Group Releases Report on Disclosure Practices
April 11, 2008

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 PDF—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.

Leading-Practice Disclosures for Selected Exposures PDF

Contact:
Andrew Williams
(212) 720-6143
(646) 720-6143
andrew.williams@ny.frb.org