The Enhanced Disclosure Task Force (EDTF) has published its report “Enhancing the Risk Disclosures of Banks”, focused on banks that actively access the major public equity or debt markets. FSB facilitated the formation of this task force, which brings together experts from financial institutions, audit firms, investors and supervisors, and so comprises preparers and users of financial reports. The report develops a framework of seven fundamental principles for enhanced risk disclosure, including comparability across banks, and gives examples of recommended disclosures and of leading or best practice disclosures in current bank reporting. The aim is to meet users’ needs and improve market confidence in financial institutions. (Source: Report of the Enhanced Disclosure Task Force)