The feud between the rival UVF and LVF will be "a particular focus of inquiry" by the Independent Monitoring Commission for its next report.
The four-member body, which was set up in 2004 and analyses the paramilitary ceasefires for the British and Irish governments, announced it would not, however, produce a special report on the on-off feud between loyalists which erupted again this month.
Its announcement came as a mediation offer by a group of clergymen was reportedly turned down by paramilitaries on both sides of the dispute.
Two men have been murdered while other attempted murders have been linked to hostilities between the loyalist paramilitaries. In the most recent incident which police are treating as attempted murder, shots were fired into a house at Avonorr Drive in the lower Newtownards Road area of east Belfast. A man in his 30s escaped injury when bullets were fired through his bathroom window just after midnight yesterday.
A dark-coloured Rover was found burned out in nearby Bendigo Street an hour later. Detectives were investigating a link between it and the shooting.
Jameson Lockhart, a 25-year-old building worker, was shot dead in east Belfast two weeks ago. Last week, Craig McCausland (20) was shot dead at his partner's house in loyalist west Belfast.
His distraught family deny he had any links to loyalist paramilitaries. The dead man's mother was beaten to death in the area in 1987. Loyalists, thought to be members of the UDA, were blamed for that murder.
Family members yesterday called on elected representatives, not just to condemn such violence, but also to work to remove the presence of paramilitaries.
Last night Progressive Unionist leader David Ervine said he had "absolutely no influence whatever", over the actions of those in the UVF in relation to the current spate of attacks.
He repeated his criticism of Northern Secretary Peter Hain over his decision to consider further financial penalties against his party for allegedly failing to do everything possible to end loyalist violence.
Ulster Unionist leader Sir Reg Empey, in whose constituency the most recent attack took place, called for extra efforts to get negotiations going between the rival groups to end the violence. He claimed that police investigations alone may not be enough.
"I want to make a fresh appeal to those who brokered an end to the last feud to come forward once again to see if a major conflict can be avoided," he said.
"Everybody knows that there is no future for us if we allow gun law to take over. It must end now before more people are killed."