Enhanced Disclosure Task Force completes its work
In December 2015 the FSB published a third progress report by the Enhanced Disclosure Task Force (EDTF) of implementation by major banks of the EDTF’s Principles and Recommendations on Risk Disclosures. The progress report reinforced the continued increase in implementation of the EDTF recommendations by banks, and a further survey is unlikely to deliver significant increases. Given the progress in improving bank disclosures the FSB believes the EDTF does not need to undertake a fourth progress report, and has therefore formally disbanded the Task Force. The FSB is grateful to the EDTF co-chairs, members and supporting staff for their work in developing and delivering the EDTF’s Principles and Recommendations, surveys and the proposals for credit risk disclosures.