Deloitte endorses recommendations outlined in the newly released report from the Enhanced Disclosure Task Force |
New York, 31 October, 2012 – Deloitte Touche Tohmatsu Limited (DTTL) today expressed its support of the recommendations released earlier this week by the Financial Stability Board's (FSB) Enhanced Disclosure Task Force (EDTF). The EDTF was formed in May 2012 as a private sector grouping at the initiative of the FSB, bringing together financial institutions, users of accounts and audit firms to develop recommendations for enhancing the risk disclosures of major banks.
Deloitte was an active participant in this initiative and welcomed the opportunity to contribute. With clients spanning across industries and around the world, Deloitte member firms are supportive of all efforts to enhance reporting quality in a challenged global economy. The recommendations released by the EDTF are a move towards building greater trust and confidence in financial institutions and the capital markets.
“Restoring trust in financial services is critical to the recovery of the global economy,” said DTTL Global CEO Barry Salzberg. “The recommendations made by the EDTF are concrete steps towards greater transparency and improved reporting, both of which are key to that restoration. As an organization, we will remain committed to contributing to this effort, as well as others with the same goal.”
Note to editors:
To view the full EDTF report, please visit http://www.financialstabilityboard.org/publications/r_121029.pdf.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed to becoming the standard of excellence.
Last Updated:
Contacts
- Name:
- Lauren Mistretta
- Company:
- Deloitte Touche Tohmatsu Limited
- Job Title:
- Global Communications
- Phone:
- Mobile: +1 773 456 8191
- lmistretta@deloitte.com
Material on this website is © 2013 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.