In addition to this the Bank has taken upon itself the corporate social responsibility of financial literacy and apart from its core functions, each major department of the Bank  BIS central bankers’ speeches  5  undertakes different kinds of outreach activities towards building financial literacy in the country’s populace – from Town Hall meetings to exhibitions and quiz competitions.
In addition, Basel II provides for enhanced supervisory oversight and public disclosure of financial information by banks. As many economists have noted, greater transparency on the part of financial institutions improves the efficiency with which financial markets price financial claims on banks, including equity and subordinated debt.