1 / 11  BIS central bankers' speeches  In general terms the disclosure of information is a response to the inherent issues when two economic agents enter into a transaction. Typically one party has greater information than the other – a situation termed ‘asymmetric information’. Disclosure helps resolve a number of potential conflicts.
These can be internal – for example between an institution’s senior management and directors who are monitoring performance on behalf of owners. And external – between the institution and a range of other stakeholders.