FSB criticises industry for lack of progress on risk disclosure

Unhappy at the financial industry's failure to improve risk disclosure since the crisis, the Financial Stability Board has called a roundtable meeting later this year in the hope of prodding institutions and regulators into activity.

In a report released on Friday evening, the FSB said it had hoped its short-term improvements to disclosure rules would be followed by permanent changes on the part of the private sector – but has been disappointed. "Over the past two years there have not been