The appeal of the concept is such as to make further work very worthwhile but, for the moment at least, there is no proposal ready for implementation. Before closing the discussion of mechanisms to increase market discipline, I want to add a complementary thought to my earlier observation that these mechanisms are designed to ensure that investors and counterparties suffer losses.
If we are committed to achieving this end – as I believe we should be – we also need to provide market participants with the  BIS Review 48/2010  3  information needed to make accurate assessments of a financial firm’s condition. I will have more to say about disclosing supervisory information in a moment.