We are incorporating these items into our supervisory monitoring screens, and we assume market analysts are also making use of these public data for their own analysis of banking risk. Clearly, more can and should be done by banking organizations to demystify and clarify the risks they are taking.
Other areas being discussed include disclosures on the risk profile of bank credit portfolios by internal risk ratings. The first three elements of risk management that I have discussed are fundamental to bank safety and soundness, but without the fourth element--internal controls--none of the other elements can be effective.