Newsletter October 2013: Rules implementation gets more consistent

BASEL – Regulators’ efforts to ensure consistency in the implementation of new rules and standards are “having a real and positive impact,” according to Wayne Byres, secretary General of the Basel Committee. The importance of ensuring that global agreements are faithfully implemented in national regulation is fully understood by standard setters. That’s why leaders of the Group of 20 strongest economies have regularly endorsed the “full, timely and consistent implementation” of the Basel III capital and liquidity standards for banks.