Resolution frameworks are fraught with implementation complexity and global comparability is further complicated by the significant differences between national legal systems and the intricate interaction between  1  The Basel Committee is the primary global standard-setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters.
Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. The Committee reports to and seeks endorsement for its major decisions and work programme from the Group of Governors and Heads of Supervision (GHOS). 2  BIS central bankers’ speeches  proposed resolution- and other contingent laws.