EU Says Withholding Sovereign Risk Will Hurt Banks
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The European Commission told government officials that failure to publish individual banks’ exposure to sovereign debt could damage investor confidence.
“There is considerable opposition to the publication of individual exposures to sovereign debt,” the European Union’s executive arm said in a confidential letter dated July 9 that was obtained by Bloomberg News. “Stepping back” from planned publication of this information “would give the impression that we have something to hide.”