Jusletter IT

Putting Financial Regulation to Work: Using Simplification and Visualization for Consumer-Friendly Information

  • Authors: Marika Salo-Lahti / Helena Haapio / Stefania Passera
  • Category: Articles
  • Region: Finland
  • Field of law: Legal Visualisation, Multisensory Law
  • Collection: Conference Proceedings IRIS 2016
  • Citation: Marika Salo-Lahti / Helena Haapio / Stefania Passera, Putting Financial Regulation to Work: Using Simplification and Visualization for Consumer-Friendly Information, in: Jusletter IT 25 February 2016
Financial regulation and investment products have become more and more complex. Information 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. Building 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.

Table of contents

  • 1. The Challenges of Financial Regulation
  • 1.1. Complexity Caused by the Quantity and Quality of Regulation
  • 1.2. Struggling with Complexity – Investors’ Perspective
  • 2. Overcoming Complexity by Visualization and Simplification
  • 2.1. The Possibilities of Simplification and Visualization
  • 2.2. SPs and KIIDs as First Steps toward More Usable Investor Information
  • 3. Toward More Usable Financial Information
  • 4. Conclusion
  • 5. References

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