Transparency key to rebuilding confidence, says CEBS

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LONDON - The loss of confidence in the European and US markets can only be rectified by financial institutions coming clean about their exposures to the subprime crisis. So, the Committee of European Banking Supervisors (CEBS) embarked on a mandate from the EU Economic and Financial Affairs Council (Ecofin) in October 2007 to assess the adequacy of banks' public disclosures on securitisation operations and structured products and illiquid assets affected by the market turmoil.

CEBS analysed discl

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