The Financial Reporting Council (FRC) has issued a Financial Reporting Lab (Lab) project report on improvements to the way in which disclosures about market risk are reported.

The Lab's report, Presentation of market risk disclosures explored investors' views on the benefits of presenting risk developments and actions taken in the reporting period separately from policy related information, shown in an appendix.

The report also examined issues around the content of market risk disclosures as well as how they are used and best presented in practice. Changes made by HSBC Holdings plc in its market risk disclosure were used as a basis for discussion.

Sue Harding, director of the Financial Reporting Lab, said: 'The Lab is exploring various themes in reporting, including how to make relevant information more accessible, and the potential for reducing "clutter". Investors welcome a focus on reducing the volume and complexity of reporting, while still conveying information proportionate to the underlying exposures.'