SEC Provides Guidance on Disclosure of Sovereign Debt Exposures

White & Case LLP
Contact

On January 6, 2012, the Securities and Exchange Commission (SEC) published guidance (CF Disclosure Guidance: Topic No. 4) setting forth the views of the Staff of the SEC's Division of Corporation Finance urging banks and other financial institutions to enhance disclosure of their exposure to debt instruments of European countries. The guidance is driven by current uncertainties in connection with European sovereign debt exposures, together with a concern that there is a lack of transparent, comparable information.

The guidance is intended to expand current disclosure requirements in the MD&A, risk factors and, with respect to bankholding companies, disclosure required by Industry Guide.

The guidance recommends that issuers provide...

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© White & Case LLP | Attorney Advertising

Written by:

White & Case LLP
Contact
more
less

White & Case LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.