Sky News reports that some lenders are resisting the demand made by the Financial Services Authority (FSA) to come up with a template for identifying sovereign debt holdings prior to the publishing of their annual results in 2012.
The FSA - which is an independent organisation set up by the government that is responsible for financial services regulation in the UK - has been holding talks with institutes such as Barclays, HSBC and Royal Bank of Scotland of late with regard to how they disclose government arrears.
However, a number of bankers said the measures are unnecessary because the industry already has a code in place for such dealings.
One bank executive told the news provider: "We believe that we are best-placed to decide which information to disclose to investors."
By Tony Aynsley