Opportunities for disclosure
Ed Mayo, Sarah Forster, Sarah McGeehan
24 August 2003
What does bank disclosure mean? At a basic level disclosure means providing information about a range of bank activities in defined geographical areas.
But that is where agreement ends. Opponents of disclosure say that it is a waste of time — producing a mountain of unusable and irrelevant data, wasting resources that would be better invested in corporate giving, new product development or supporting less profitable branches.
But supporters argue that disclosure is vital. They say it provides the public with information on the ways that banks invest public savings and that it can provide an opportunity to deepen understanding of market trends and so refine new products and services to serve these markets better. Supporters of disclosure also argue that comparing the performance of different banks in a transparent and verifiable way can lead to rewards for top performers and reprimands for those at the bottom.
This report is the outcome of the first programme of empirical research looking at the usefulness of disclosing local bank data to both Barclays Bank and the bank’s local partners. In a new development in the field of corporate responsibility, the programme explores how responsible corporate action can produce practical benefit.
The New Economics Foundation depends on its supporters’ generosity. If you value what we do, please consider making a donation.
The Minimum Income Guarantee would make sure no one falls through the gaps in our social security system.
03 April 2020
Looking after yourself and others during the coronavirus crisis.
30 March 2020
The UK economy needs a new safety net to survive recession
Alfie Stirling, Sarah Arnold
29 March 2020
An update from NEF’s chief executive, Miatta Fahnbulleh.
28 March 2020