Banks and securities firms should publicly disclose more information about their trading and derivatives activities, international regulators said Tuesday.

The Basel Committee on Banking Supervision and the Technical Committee of the International Organization of Securities Commissions released a 34-page document outlining the qualitative and quantitative disclosures regulators want to see. The disclosures are recommendations, not requirements. A copy is available on the Bank for International Settlements Web site at www.bis.org/new.htm.

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