Restrictions on biz reporting?

The UK’s Press Gazette is reporting that the Treasury Committee has announced it is conducting an investigation into the banking crisis and said it will be examining “the role of the media in financial stability and whether journalists should operate under any form of reporting restrictions during banking crises.”
Media bodies including the Periodical Publishers Association and the Newspaper Society are currently preparing evidence to submit to the inquiry.
Daily Mail City editor Alex Brummer and BBC business editor Robert Peston have both said that any legal restrictions on financial reporting would be harmful.
Brummer told the Press Gazette: “I think in this particular crisis the journalists have done the public a huge service. If they’d have had to rely on official sources for their information they’d have got duff information. Responsible financial journalism is a very important part of reporting a financial crisis, and journalists are being responsible.”
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