Demanding public disclosure creates more problems than it solves

‘Opening up everyone’s cupboards in the expectation that it will make everything better’ is not only wrong, but naïve and potentially damaging to clients, according to James Quarmby of law firm Stephenson Harwood. Quarmby was speaking at the Jersey Finance Private Wealth Conference about the increasing drive for transparency in international finance and the tension caused in relation to data protection and a client’s right to privacy.