CEBS has published a follow-up report that looks at banks’ transparency in their half-year interim results. The report compares disclosures from 22 banks. The findings included that:
- around 80% of the banks gave detailed disclosure on the impact of the market turmoil and exposure levels; and
- disclosures on business models, risk management practices and accounting and valuation practices are not so detailed.
CEBS wants institutions to work to bring their disclosures into line with the good practices it set out in a report in June.