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NR 2008-39
Contact: Kevin M. Mukri
(202) 874-5770

Senior Supervisors Group Issues Report on Leading-Practice Disclosures for Selected Exposures

WASHINGTON — 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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