Financial Times FT.com

Davos 2008

Banks could face greater disclosure

By John Gapper in Davos

Published: January 25 2008 11:21 | Last updated: January 25 2008 11:21

Banks that produce complex and illiquid derivative products that have been at the heart of the credit squeeze might be forced to provide more information about their products on public stock exchanges.

Leaders of NYSE Euronext, the US-European ex­change group, said on Friday that global regulators were considering telling banks they must disclose basic data about such contracts, many of which have fallen sharply after the US subprime housing crisis.

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