Bravery
Report To Shareholders

Finance Company Disclosure

In this article Justin Kerr, executive director of the Financial Services Federation, comments on the Securities Commission report on disclosure by finance companies.

I am keen on relatively lighter disclosure, but I spent some time in the company of a couple of American bond market experts a couple of years ago, which convinced me that we could do with a little more 'effort' in this area than we have seen in the past.

If such effort is based on better disclosure, more bond ratings, and transparency then it'll be about right in my book. If we see the same formula applied to the work on financial advisers we should count ourselves very fortunate indeed.

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