Third, the availability of information regarding the main risks to the financial system needs to be significantly enhanced. Information should be available concerning institutions, instruments and markets that are currently unregulated, but whose risk-taking behaviour gives rise to financial stability concerns, given their potential systemic impact.
The Monetary Policy Review Committee, which plays an important role in the discussions leading up to the decision, includes the Governing Council plus five to six advisers – often supplemented with one or two special advisers – as well as chiefs from the  BIS central bankers’ speeches  3  four economics departments, representatives from the Montréal and Toronto regional offices, and certain other senior personnel.