News & Press Releases
Is transparency in financial services a "good thing"? Some challenge the notion.
January 07,2012
News Description:
The Financial Times Alphaville recently explored the issue of transparency in the financial markets and a recent post from Interfluidity:
Finance has always been complex. More precisely it has always been opague, and complexity is a means of rationalizing opacity in societies that pretend to transparency. Opacity is absolutely essential to modern finance. It is a feature not a bug until we radically change the way we mobilize economi risk-bearing. The core purpose of status quo finance is to coax people into accepting risks that they would not, if fully informed, consent to bear.
The piece goes on to consider the merits of this line of reasoning. To read more, see Lisa Pollock, "Warning: transparency in financ may lead to goat-herdig," Financial Times, Tuesday, 4 January, 2012.
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