Fifth, we should only resort to additional regulation where market failures become obvious. Regulators should set incentives that promote institutional and market discipline. Sixth, closing some statistical gaps might help to increase financial transparency and thus help to reduce the risk for future financial market turmoil, at least indirectly. 4  BIS Review 13/2008
Tapping the retail investor base through infrastructure bonds To provide further impetus to infrastructure financing, Government of India has permitted IFCI, IDFC, LIC and infrastructure finance firms to issue long-term infrastructure bonds providing for tax benefit of up to Rs.20,000 in the year of investment, under the Income Tax Act.