Putting Financial Regulation to Work: Using Simplification and Visualization for Consumer-Friendly Information
in Erich Schweighofer et al. (Eds.), Networks. Proceedings of the 19th International Legal Informatics Symposium IRIS 2016. Österreichische Computer Gesellschaft OCG, Wien 2016, pp. 399–406 (ISBN 978-3-903035-09-6), and in Jusletter IT, 25 February 2016
8 Pages Posted: 27 Mar 2017
Date Written: February 25, 2016
Financial regulation and investment products have become more and more complex. Informa-tion disclosures tend to be off-puttingly long and densely texted documents. Investor behavior studies indicate that investors often skip and skim information – and even worse, sometimes they do not read it at all. Investors’ abilities to comprehend and use financial information give no reason to cheer, either. Fortunately, we have tools to overcome complexity. Build-ing on our previous work where we have applied simplification and visualization to improve the communication of contracts, this paper explores the use of these approaches to financial communication.
Keywords: Communicating complex financial information, key information documents (KIDs), proactive/preventive investor protection, simplification, visualization
Suggested Citation: Suggested Citation