Baumann, Ursel; Nier, Erlend - Bank of England <London> - 2004
improve the market’s ability to assess a bank’s riskand value.Whether such initiatives are beneficial is an open question ….Indeed, there are a number of good reasons to be sceptical.First, it can be argued that banks are inherently opaqueinstitutions, and … shed light. But reformers shouldremember what they are dealing with. To use a popularmetaphor: banks may be the black holes …
