FSA has published a feedback statement to its discussion paper on how credit institutions report. Respondents overall welcomed FSA's interest in disclosures and agreed with many of FSA's points. However, they did not support mandatory disclosure of period highs, lows and averages nor the suggestions of publishing regulatory returns, applying standardised KPIs to all credit institutions or imposing a requirement for quarterly financial statements. FSA notes the BBA code (see BBA below), which takes account of the feedback and is pleased the seven institutions that voluntarily applied the last version of the code will now continue to use it.