There are a number of local and international examples that illustrate the importance of public disclosure – or more to the point, the failings of poor disclosure: In the United States a number of financial and accounting scandals in the early 2000s associated with Enron and WorldCom, prompted a major overhaul of regulation which included a focus on increased financial disclosure.
For smoother reallocation of credit risks, the crucial factor is that the credit originator assesses the initial risk appropriately and sets the interest rate accordingly. E.  Unbundling and Repackaging of Credit Risk  Second, we need to enhance techniques for unbundling and repackaging credit risks.