From Open Risk Manual


BCBS 28 is a document published by the Basel Committee on Banking Supervision on December 1996 in the Disclosure category.


Survey of disclosures about trading and derivatives activities of banks and securities firms (Joint report by the Basel Committee on Banking Supervision and the Technical Committee of the "IOSCO").


This document consists of a survey of the disclosures made in their 1995 accounts by internationally active banks and securities firms. It is intended to provide large banks and securities firms with a picture of the advances in disclosure practices over the 1993-1995 period and encourage further enhancements at the international level.

The survey follows on the report issued in November 1995 in which the Basle Committee and the IOSCO Technical Committee stressed that meaningful public disclosures play an important role in reinforcing the efforts of supervisors to foster financial market stability.

The survey reveals that, compared with 1994, the participating banks and securities firms continued to enhance their trading and derivatives-related disclosures in their 1995 annual reports. However, despite these improvements at many leading financial intermediaries, there remain disparities, both within and across countries, as regards the type and usefulness of the information disclosed. The report notes that the Basle Committee and the IOSCO Technical Committee will continue to encourage and to monitor improvements in banks' and securities firms' disclosure practices over the coming years.

Document Profile

  • Publication Date: December 1996
  • Publication Type: Sound Practices
  • Publication Status: Superseded
  • Publication Category: Disclosure
  • Number of Pages: 23
  • Keywords: Disclosure

See Also


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