EC Urges Bank Disclosure Of Sovereign-Debt Exposure

13 Jul 2010

The European Commission has called on banks to disclose their exposure to sovereign debt or risk losing investor confidence.

The European Commission has called on banks to disclose their exposure to sovereign debt or risk losing investor confidence. The EC, in a letter to the European Union’s Economic and Financial Committee, stated that there appears to be resistance to publishing banks’ Tier 1 ratios without government support. ...

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