Senior Supervisor Group Joint Press Release
11 April 2008

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.

This work was undertaken in response to a request from the Financial Stability Forum.