How can we improve disclosure?

Disclosure. Not a word that would fill most people with a tingle of excitement and, if I’m being honest, is more likely to generate a stifled yawn. But it’s one that is increasingly being spoken about in departments outside risk and compliance. Disclosure is all around us as consumers. It is a form of regulation that isn’t peculiar to financial services. The food industry in particular is a sector of the market that has very strict rules on food descriptions. For a product to be called ‘chocolate’, for example, the food must have a certain amount of cocoa solids. Similarly, for a product...