FSA has published a discussion paper on how transparency and better disclosure could help the regulator, the industry and consumers. It asks what information firms and consumers might find helpful, and makes suggestions focusing on:
- information about FCA’s own operations – for example, giving more information to whistle-blowers about what it does with their reports and publishing aggregated information about supervisory activity;
- information FCA could release about firms, individuals and markets – for example, publishing aggregated information about authorisations and giving additional improved information about thematic reviews; and
- information FCA could require firms to produce – for example, publishing claims on insurance products and providing more context on complaints data.
FSA asks for comments by 26 April. (Source: Discussion Paper 13/1**: Transparency)