Blog: There is such a thing as too much transparency

The complexity of financial services is boundless and, as a pragmatist, I’m frequently staggered by our ability as an industry to tie ourselves up in knots. I happen to be a great believer in transparency as I think people should be allowed access to the detail that will enable them to make informed decisions. Having said that, I do not believe that full disclosure, often the rallying cry of those who believe there is no room in the modern world for trust, is necessarily going to provide all the right answers. Transparency can trigger fear among unsophisticated investors. They lo...