Federal Reserve Bank of New York President William J. McDonough renewed calls for banks to disclose more information about capital, risk concentrations, and transactions involving recourse such as asset securitizations.

"Notions of what is proprietary information and what should be in the public domain need to change," Mr. McDonough said Friday in a speech hosted by the Monetary Authority of Singapore. "Knowing a company's appetite for risk and its approach to, and methodologies for, managing risk is essential to understanding the risks of being a shareholder, a creditor, or a counterparty."

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