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Article: RECOMMENDATIONS OF WORKING GROUP ON PUBLIC DISCLOSURE.(Brief Article)
- Article from:
- Federal Reserve Bulletin
- Article date:
- March 1, 2001
CopyrightCOPYRIGHT 2001 Board of Governors of the Federal Reserve System. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A private-sector working group on January 11, 2001, recommended enhanced and more frequent public disclosure of financial information by banking and securities organizations.
Market risk information previously disclosed annually should be disclosed quarterly, and the content of these disclosures should be improved, the group said. Additional credit risk information on wholesale credit exposures should also be made available quarterly, it said.
The Working Group on Public Disclosure, established in April 2000 by the Board of Governors of the Federal Reserve System, was chaired by Walter V. Shipley, retired chairman of Chase Manhattan Bank. He delivered ...