CEBS reports on bank transparency and illiquid product valuations

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LONDON – In response to the roadmap issued by the EU Economic and Financial Affairs Council (Ecofin) in October 2007 following the credit crisis, the Committee of European Banking Supervisors (CEBS) has issued the findings of its assessment of bank transparency with regard to the activities and instruments affected by the recent market turmoil.

CEBS analysed the disclosures made by 22 large banks (19 originate from the EU) in the context of their 2007 fourth-quarter and preliminary results and

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