Bank of England Should Expand Supervisory Disclosure, Tyrie Says
- Treasury Commitee head calls for ‘presumption of disclosure’
- Aim is to enhance market discipline investors exert on banks
This article is for subscribers only.
The Bank of England should make public the information investors need to assess bank risk or explain why they’re keeping it secret, the head of the U.K. Parliament’s Treasury Committee said.
While confidentiality may be justified in some cases, “it is now in the public interest that a full justification for it be spelt out in detail by regulators,” Andrew Tyrie, a Conservative lawmaker, said on Tuesday. “What may be needed is a presumption of disclosure, supported by clarity and detail about the necessary exemptions.”