25 July 2000

Commission recommends greater disclosure of financial information in accounts

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The commission has issued a recommendation designed to broaden the scope of financial information that should be disclosed in the annual and consolidated accounts of banks and other financial institutions. For accounting periods commencing within 12 months from the date of this recommendation and for all future accounting periods, information in accordance with the recommendation should be disclosed by banks and financial institutions in the notes on the annual and consolidated accounts and/or in the annual report, as appropriate.
See press release for a short summary.

© European Commission