We were pleased that at a few recent meetings, bankers did, in fact, provide some very specific information about how possible differences in implementation could generate extra burden and affect the way in which the bankers conduct their business.
Suggestions for changes to our proposals that are specific, detailed, and supported by facts will allow us, in drafting the final rule, to more clearly identify alternative solutions to the issues raised. Of course, all Basel-member countries have their own rollout timelines and their own ways of addressing matters that are left to national discretion under the Accord, which is entirely appropriate.