(October 13 – 16:10 ET) – The Basel Committee of the Bank of International Settlements has released guidelines for improved disclosure in trading and derivatives activities.
The committee says financial institutions should provide meaningful disclosure, both qualitative and quantitative, on their trading and derivatives activity, including information about credit risk, market risk, liquidity risk, operational risk, legal risk, reputation risk, and the firm’s risk management efforts. It says institutions should also disclose their internal risk exposure measurements.
Ottawa’s Office of the Superintendent of Financial Institutions says it actively participates in the Basel Committee and supports this paper and its conclusions.
-IE Staff
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