Among a number of adjustments, we indicated our intention to extend the timeline for implementation and augment the transitional floors, which should provide bankers and regulators with more experience with Basel II before it is fully implemented in the United States.
And while a decline in prices (deflation) might seem attractive, it can have very serious implications for the economy (and ultimately the wider community): consumers postpone their purchases (in the hope that prices will fall further), businesses lose revenue, postpone investment and delay recruitment. Stable prices matter.