CEBS - Publication de principes de communication en temps de crise
mardi 27 avril 2010 CEBSSince June 2008, CEBS has performed four assessments of banks'
disclosures made during the financial crisis. These principles,
built on the conclusions and observations derived from these
assessments, are intended to contribute to further improvements in
the quality of disclosures, in terms of substance, presentation and
internal consistency.
The principles do not set any additional requirements for items or information to be disclosed. Rather they aim to encourage enhanced quality of disclosures without amending, duplicating or adding to existing disclosure requirements or recommendations - such as IFRS, Pillar 3, listing rules or other regulations - institutions may be subject to.
The disclosure guidelines are divided into three different parts, discussing respectively:
General principles to be applied to high quality disclosures;
Principles dealing with the content of disclosures on areas or activities under stress, in particular for the following topics: business models, impacts on results and risk exposures, impacts on financial position, risk management and critical accounting issues; and
Guidance on presentational aspects of disclosures.
In developing these principles, CEBS benefited from views gathered from a broad range of market participants. Input was provided in the industry's responses to the public consultation (CP30) published in October 2009 and in a public hearing organised in January 2010. The guidelines have been reviewed and revised in order to address the main issues raised by market participants. The feedback statement provides a detailed overview over the comments received and discusses CEBS' views and reactions to these comments.
CEBS will continue to closely monitor banks' disclosures in order to ensure that they are in line with its recommendations.
The principles do not set any additional requirements for items or information to be disclosed. Rather they aim to encourage enhanced quality of disclosures without amending, duplicating or adding to existing disclosure requirements or recommendations - such as IFRS, Pillar 3, listing rules or other regulations - institutions may be subject to.
The disclosure guidelines are divided into three different parts, discussing respectively:
General principles to be applied to high quality disclosures;
Principles dealing with the content of disclosures on areas or activities under stress, in particular for the following topics: business models, impacts on results and risk exposures, impacts on financial position, risk management and critical accounting issues; and
Guidance on presentational aspects of disclosures.
In developing these principles, CEBS benefited from views gathered from a broad range of market participants. Input was provided in the industry's responses to the public consultation (CP30) published in October 2009 and in a public hearing organised in January 2010. The guidelines have been reviewed and revised in order to address the main issues raised by market participants. The feedback statement provides a detailed overview over the comments received and discusses CEBS' views and reactions to these comments.
CEBS will continue to closely monitor banks' disclosures in order to ensure that they are in line with its recommendations.