Biba responds to FSA discussion paper on transparency dislcosure

Eric Galbraith, Biba chief executive, said: “Our position on these issues is well known to the regulator. We believe that the current combination of high level principles plus a rule requiring disclosure on request is sufficient. There is no evidence that the current regime affords commercial customers inadequate protection or that these commercial customers want change.”

Mr Galbraith continued: “Biba however recognises the FSA’s desire for greater transparency and has committed significant