Banks and insurers are are severely under-performing when it comes to transparency, according to a report from anti-corruption NGO Transparency International.

‘Transparency in Corporate Reporting: Assessing the World’s Largest Companies’, published today, examines the policies of  the 105 largest, publicly-traded companies around the world.

Companies were awarded a score between 0 and 10, with 0 being the least transparent.Financial institutions scored a very low 2.3 on Transparency International’s country-by-country reporting.

13 of the 24 financial institutions disclosed no information at all on a country-by-county basis, and six disclosed almost nothing.

Banks also scored badly on reporting on their anti-corruption policies, compared to the other industry groups:

Amongst the 24 financial institutions assessed by the NGO is UK bank Barclays. The bank, which scored 4.0 overall, has recently been at the centre of the Libor rate-fixing scandal. They are ranked 71st out of the 105 companies.