What do we mean by Reporting and Disclosure?
All UK regulated firms must comply with the PRA and FCA regulations and must make certain disclosures to the regulator in doing so. In addition, most regulated firms will comply with the Task Force on Climate-related Finance Disclosure (TCFD regime) as they report to wider stakeholders.
Oversight of wider Financial Services Sector disclosures is managed in the UK by the Financial Reporting Council (FRC).
How does this relate to flood risk?
Improved flood risk data will permit the identification, quantification, and management of risks. This will then be reflected in the quality of the reporting and disclosure – which is to the benefit to all stakeholders.
How can GeoSmart help?
GeoSmart can provide Disclosure Analysis using our FloodSmart Analytics tool.
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