They create at the same time new sources of risk due to their complexity, the uncertainty of mark-to-model valuations not tested in times of trouble specially when secondary markets are not very liquid in general. 4. The fourth aspect deserving mentioning refers to the growing interdependence of markets across types of products, across institutions and across borders.
In addition, the setup aims to impose market discipline by requiring financial institutions to disclose a certain level of information on their efforts to address climate  7  change.