The Securities and Exchange Commission has published for consultation proposed new rules the purpose of which is to increase the disclosure provided by public companies in respect of short-term borrowing: see here (pdf). At the open meeting of the SEC at which the new rules were announced, the SEC chairman, Mary Schapiro, observed:I believe that investors will benefit from additional transparency in this area, particularly when the difference between short-term borrowing during a reporting period varies significantly from the snapshot that is presented at period-end. The proposed rule amendments before us today should address this gap in our current disclosure requirements".
Further information is available in the SEC's press release, available here.
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