The Basel Committee has also issued numerous policy papers, surveys, and other releases that address bank transparency, enhanced practices for loan-loss reserves and credit risk disclosure, sound bank internal and external audit programs, and sound risk-disclosure practices.
As multilateral clearing organizations have strengthened and spread across many of the major asset classes traded in the markets, they have enabled coordinated action on governance, rules, technology, and risk management. It is possible that new technologies could substantially change the way these functions are pursued, but it would be surprising if they would obviate the need for multilateral clearing in the major markets.