While in the past public sector participants generally made proposals and the private sector responded, increasingly the opposite is true.25 This trend is, however, to be welcomed in that it is consistent with the concept that it is the private sector that should be held primarily responsible for avoiding possible failures in private financial markets.
Which corporates should have to publish transition plans? Big corporates, all listed companies or only certain industries? Last but not least: Who will check these transition plans, and against which standards? 3 Scenario analayses  1/2  BIS - Central bankers' speeches  While much about transition plans is still up in the air, more experience is available with regard to scenario analyses.