4  BIS central bankers’ speeches  The Basel Committee leadership has acknowledged that failing to implement Basel III in a globally consistent manner could lead to a competitive race to the bottom and increase risks to the global financial system.3 The Committee must take action to avoid this outcome, specifically through the Committee’s Standards Implementation Group (SIG).
Certainly, the components that address broad challenges, coupled with moretargeted training, will address the unique information and technical assistance needs of minority-owned banks. To ensure broad access to the program, all aspects of the training program will be available through a variety of distribution channels: classroom-style workshops, self-paced PC-based programs, and a web-based resource and information center.