Chris Davies: Welcome to the new era of regulatory accountability

Terminology is everything, apparently - with the financial services industry seeming to enjoy loading up on acronyms and jargon for even the simplest of processes. Just think of ‘AER', ‘CREST', ‘Dematerialisation', ‘Dirty price', ‘FRNS', ‘HICP' - I could go on although, since the RDR (opps, another one) we have been called to the transparency table. So where pricing and charges are concerned, we have a need for clear and unambiguous charging delivered in simple terms. That is all to the good, of course, but people tend to have different understandings and filters when it comes to interpr...