Treasury: New regulator will be 'more transparent' than FSA

In a consultation on the new body, the Treasury says greater transparency will be enshrined in the FCA's regulatory principles as "an essential aspect of how the regulator itself behaves". "The transparency principle recognises the importance not only of ensuring that appropriate information is provided in respect of regulatory decisions, but also that the regulator is more open and accessible both to regulated community and general public," it says. The paper says the importance of ensuring the new regulator conducts its business "as transparently as possible" was raised by many re...