FSB criticises industry for lack of progress on risk disclosure

Something to declare

Unhappy at the financial industry's failure to improve risk disclosure since the crisis, the Financial Stability Board has called a roundtable meeting later this year in the hope of prodding institutions and regulators into activity.

In a report released on Friday evening, the FSB said it had hoped its short-term improvements to disclosure rules would be followed by permanent changes on the part of the private sector – but has been disappointed. "Over the past two years there have not been

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