FSA could disclose more on regulated firms

LONDON (Reuters) - The Financial Services Authority said on Tuesday it could increase the amount of information it discloses, such as naming more firms it has investigated or companies that have done well, to improve regulation.

In its first discussion paper on increased transparency in its own dealings with the market, the FSA said it was required by law to keep some information private but said it was also allowed to publish more details in other areas.

For example, the FSA could publish consumer complaints data, in the same way as other regulators do, or "name and fame" firms who show up well in thematic reviews to encourage others.

The debate, started by Tuesday's discussion paper, could pitch consumers, keen for more disclosure, against those who argue the cost will outweigh the benefits, and firms who fret over having their names published in a context that could lead to "naming and shaming" in the press.

The FSA is inviting comments by August 29.

(Reporting by Clara Ferreira-Marques; Editing by Greg Mahlich)