Fitch’s corporate derivatives usestudy finds lack of transparency

“The surprising thing to us was thateven though these companies had beenreporting under FAS 133 there really isn’tenough public disclosure to serve as abasis for decent credit analysis,” saysBridget Gandy, managing director at Fitchin London and co-author of the report.“To see that there really isn’t that muchuseful reporting from corporates usingFAS 133 is quite surprising.”

Fitch compared what corporates reportedunder FAS 133 with the responsesreceived from its survey of 57 corporates,and c

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