UK banks, regulators need to do more on transparency, MP says

British banks and regulators should disclose more of their communications to prevent a repeat of the financial crisis, a senior UK lawmaker said on Tuesday. Andrew Tyrie, chairman of parliament's treasury committee, has written to Andrew Bailey, a deputy governor of the Bank of England, saying he wants a detailed explanation of how the regulator balances secrecy and public disclosures. Tyrie said at a time of increased regulatory oversight too much of the information banks provide to supervisors