The European Securities and Markets Authority (ESMA) has published a Review of the comparability and quality of disclosures in 2012 IFRS financial statements of listed financial institutions.

The Review makes recommendations aimed at enhancing the transparency of financial statements through the improvement of disclosures in certain key areas including: credit risk and impact of forbearance practices; liquidity and funding risk; asset encumbrance and fair value measurement of financial instruments.

Read full ESMA Press Release.

Report 2013/1664 - Review of Accounting Practices - Comparability of IFRS Financial Statements of Financial Institutions in Europe.