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Senior Supervisors Group Releases Report on Disclosure Practices

“Senior financial supervisors from five countries (collectively the “Senior Supervisors Group”) today issued a report that reviews the disclosure practices of financial services firms concerning their exposures to certain financial instruments that the marketplace now considers to be high-risk. This report, Leading-Practice Disclosures for Selected Exposures, provides examples of current leading practices in the reporting of information about exposures associated with such instruments as collateralized debt obligations, residential mortgage-backed securities, commercial mortgage-backed securities, other special purpose entities and leveraged finance loans.”

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