Our banks also disclose considerable information through regulatory reports and under accounting rules and requirements of the Securities and Exchange Commission; they already provide significant disclosure - consistent with Pillar 3 of Basel II.
Thus, when we balanced the costs of imposing a new capital regime on thousands of our banks against the benefits - slightly more risk sensitivity of capital requirements under, say, the standardized version of Basel II for credit risk, and somewhat more disclosure - it did not seem worthwhile to require most of our banks to take that step.