WASHINGTON - An international panel of bank regulators released two documents Thursday that outline final guidelines for the management and disclosure of credit risk.

In "Principles for the Management of Credit Risk" the Basel Committee on Banking Supervision offers recommendations for implementing a credit risk environment that matches a bank's risk profile, and for developing internal controls that ensure that credit-granting practices remain sound.

"Best Practices for Credit Risk Disclosure" outlines the kind of credit risk policy information that banks should make available to investors. The aim of disclosure is to provide investors with enough information to make "meaningful assessments" of banks' riskiness, the committee wrote.

The documents largely resemble versions put out for public comment in July 1999. Regulators said that the comments had been incorporated in the documents, but that no substantial changes were required.

Both are available at the Bank for International Settlements Web site, www.bis.org.

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