Therefore, I once more urge the banking industry and other members of the  BIS Review 43/2006  5  public to review the NPR and the draft supervisory guidance closely and to provide the agencies with constructive comments on all aspects of the proposed framework.
Conclusion In summary, I believe the time has come to move to the next stages of implementing Basel II. This framework will modernize bank supervision and bring supervisory practice into line with best industry practice. Substantial benefits will ensue--most importantly, a safer and sounder banking system--but uncertainties remain.