FSB has welcomed the Enhanced Disclosure Task Force (EDTF) report on the level and quality of the implementation of the EDTF's recommendations on enhancing the risk disclosures of banks in major banks’ 2012 annual reports. Banks consider they implemented 50% of the recommendations in their 2012 reports, a significant improvement on the previous year, and expect to implement over 70% next year. (Source: FSB Welcomes Better Bank Disclosures)