Deutsche Bank wel­comes EDTF r eport

The Pak Banker - - Front Page -

F R A N K F U RT: Deutsche Bank said to­day that it wel­comes the pub­li­ca­tion of the re­port by the En­hanced Dis­clo­sures Task Force (EDTF) on "En­hanc­ing the Risk Dis­clo­sures of Banks". The EDTF is a pri­vate-sec­tor ini­tia­tive, or­ga­nized un­der the aus­pices of the Fi­nan­cial Sta­bil­ity Board (FSB). The EDTF in­cludes rep­re­sen­ta­tives of as­set man­age­ment firms, in­vestors and an­a­lysts, global banks (in­clud­ing Deutsche Bank), credit rat­ing agen­cies and au­di­tors. Deutsche Bank wel­comes this re­port as a valu­able con­tri­bu­tion to the com­mon goal of en­hanc­ing risk dis­clo­sures by fi­nan­cial in­sti­tu­tions and en­dorses the over­all ob­jec­tive of con­tin­u­ing to re­fine and im­prove the qual­ity and use­ful­ness of risk dis­clo­sure across the in­dus­try gen­er­ally, build­ing on cur­rent ef­forts by in­di­vid­ual firms and the in­dus­try as a whole.

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