Although Article 93 of the BMA Law specifies the circumstances in which the BMA may pursue an administration, it does not oblige the BMA to administer a licensee. Faced with the circumstances described, the BMA may pursue other courses of action, if it considers that these are more likely to achieve the supervisory outcomes sought. Because an administration is likely to send a negative signal to the markets about the status of a licensee, other supervisory actions may in fact be preferable in terms of protecting the interests of those with a claim on the licensee.