2013 Progress Report on Implementation of the EDTF Principles and Recommendations
The EDTF issued a study of the level and quality of the implementation of the recommendations of our first report, 'Enhancing the Risk Disclosures of Banks' that was published in October 2012. This study consists of two parts: the findings from a self-assessed survey of global systemically important banks (G-SIBs) and domestic systemically important banks (D-SIBs); and a review of a subset of the EDTF disclosures made in banks' 2012 Annual Reports and Pillar 3 documents by a group of the investor and analyst members of the EDTF. In addition, the EDTF held meetings and conference calls to discuss the results of the study and to agree on the key messages included in this follow up report. The survey results confirm that the recommendations of the EDTF are making a positive impact on the reporting practices of global financial institutions.