OCC News: Senior Supervisors Group Issues Report on Leading-Practice Disclosures for Selected Exposures


		NR 2008-39

	FOR IMMEDIATE RELEASE April 11, 2008	Contact: Kevin M. Mukri (202) 874-5770

	Senior Supervisors Group Issues Report on Leading-Practice Disclosures for Selected Exposures WASHINGTON — Senior financial supervisors from five countries (collectively the "Senior Supervisors Group") today issued a report that reviews the disclosure practices of financial services firms concerning their exposures to certain financial instruments that the marketplace now considers to be high-risk. This report - Leading-Practice Disclosures for Selected Exposures - provides examples of current leading practices in the reporting of information about exposures associated with such instruments as collateralized debt obligations, residential mortgage-backed securities, commercial mortgage-backed securities, other special purpose entities, and leveraged finance loans. This work was undertaken in response to a request from the Financial Stability Forum. # # #

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The Office of the Comptroller of the Currency was created by Congress to charter national banks, to oversee a nationwide system of banking institutions, and to assure that national banks are safe and sound, competitive and profitable, and capable of serving the banking needs of their customers in the best possible manner. OCC press releases and other information are available at http://www.occ.gov. To receive OCC press releases and issuances by email, subscribe at http://www.occ.gov/listserv.htm.