April 11, 2008
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.