bank transparency

Bank transparency refers to how openly banks share information about their financial health, operations, and policies with customers, regulators, and the public. It involves clear communication about fees, interest rates, lending practices, and financial stability. Transparent banks help customers make informed decisions, build trust, and reduce the risk of misunderstandings or fraud. For regulators, transparency ensures oversight and accountability, contributing to a stable financial system. Overall, bank transparency fosters confidence by providing clarity about how banks manage money and serve their clients.