In addition to these principles, a number of specific projects are in progress or have recently been completed by international regulatory working groups. The FSB conducted a peer review of G20 nations’ progress toward implementing the principles, which found that progress is being made but more work is needed.
3 Accordingly, a number of companies have stopped providing earnings guidance, with research finding that these companies do see a subsequent increase in analyst forecast dispersion and a decrease in forecast accuracy – but no change in actual market volatility. 4 Is central bank communication different? First and foremost, central banks pursue transparency to be accountable in democratic societies.