Bank disclosure currently inadequate

EUROPE - Survey reveals banks still have ground to make up to meet disclosure requirements.

ARTICLE - Disclosure requirements as envisaged by capital rules being drawn up under a revision of the "Basle 2" rules are due by the end of the year. Basle 2 is expected to go into law in most large countries by early 2004.

The Basle Committee on Banking Supervision carried out the survey of 57 banks. The survey was deliberately focused on areas of banks' business to coincide with those identified in "

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