I would ask firms to answer the following questions about their public disclosures: Do investors have the information they need to accurately evaluate the financial position of the firm and the risks it takes?
In addition to quantitative information, does the disclosure provide qualitative input as to the purpose of the transactions and how they reflect the risk appetite and strategic direction of the firm? Is the information provided in a manner that facilitates accurate assessments by investors? Disclosure is not a one-size-fits-all proposition.