Focus on Transparency - July 2010

This is the fourth year of Focus on transparency; KPMGs European banking survey. The publication includes chapters on the key issues that affected banks in 2009. For the first time we have included chapters on corporate governance and remuneration, reflecting the increased focus on these areas by the banks in response to the financial crisis and the ensuing public scrutiny into banking risk management. New chapters have also been added on deleveraging and investment banking which incorporate commentary on balance sheet risk reduction measures taken by the banks and investment banking performance respectively. We have continued to comment on key areas of disclosure and accounting policy affecting banks; notably the impact of fair value, capital, funding and liquidity, impairment and key judgements and estimates.