There are obviously risks involved and the need to adopt new and rigorous discipline concerning public finance and flexibility of markets in order to achieve timely adjustment of wages and prices.
Transparency provides financial firms clarity on the letter and spirit of their obligations; it provides supervisors with the benefit of exposure to a diversity of perspectives; and it provides markets with insight into the condition of regulated firms, fostering market discipline. Transparency increases public confidence in the role of the financial system to support credit, investment, and economic growth.