Little use of public communication by the FSC
Communication: Thus far, there has been little use of public communication by the
FSC, with one press release having been issued following its inaugural meeting. 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.
The authorities are also of the view that the FSC’s main
communication tool is its annual report to the Bundestag. While useful for enhancing
accountability, it is not clear this tool is sufficient or targeted enough to ensure
effective communication to stakeholders. Drawing on examples from other countries,
the authorities may find it useful to reflect on the current approach to ensure that
opportunities for effective communication to various target audiences are not missed.
It would also be helpful if there was greater clarity on whether members of the FSC
can and should speak on behalf of the FSC as opposed to their own institution.
EU Forecast
euf:ba.18.j:17/nws-01