10
Jan
2012
Communicating European debt risk
Categories: Financial Services, Taking & Managing Risk
As reported today, the US Securities and Exchange Commission has introduced guidance for financial firms related to reporting of their European debt exposure. The SEC issued its recommendations to address the inconsistent approach firms have used to disclose their risk to sovereign and private borrowers:
"In response to our comments on their disclosure documents, registrants have provided incremental improvements in disclosures of exposures to so...
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