Attempting to encourage appropriate pricing of risk at the level of the bank through capital standards may be too blunt an instrument on its own to restrain bank risk-taking, since those standards can never be tuned so finely that traders will not find positions for which risk is  2  BIS Review 93/2009  underpriced – and then load up on those risks.
But the more anonymous participants are allowed to be, the harder it is for users to communicate expected standards of behaviour or monitor the actual behaviour of their counterparties. The Code has been amended to encourage greater disclosure by those operating anonymous platforms.