Communication: Public communication, as a form of ‘soft’ intervention, is a critical part of
the FSC’s toolkit and is especially important during times of crisis – hence the need for
building market awareness through a well-designed strategy. Thus far, there has been little
use of this tool by the FSC, with one press release having been issued following its inaugural
The authorities have expressed a preference for the FSC to only engage in public
communication when necessary (e.g. To announce a warning or a recommendation) in order
to maximise its impact, rather than to issue periodic “no action” press releases that may not
provide new information and therefore attract little market attention.