FSF calls for more credit risk transfer disclosure

The Financial Stability Forum (FSF), the body set up by leading central banks to examine potential threats to the financial system, has called for greater disclosure and more aggregate data for credit transfer instruments.

Its chairman, Andrew Crockett, who is also general manager at the Bank for International Settlements, said the FSF, the Committee on the Global Financial System (CGFS), the International Association of Insurance Supervisors (IAIS) and other bodies plan to “take stock of how these needs can be satisfied” and review them at the FSF’s next meeting in Paris on September 9-10. Such instruments include credit default swaps and collateralised debt obligations.The FSF also reviewed a progress report

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