There is reflection at all levels on how to tackle them; I doubt whether further tightening capital requirements would be the most 5/8  BIS central bankers' speeches  efficient response. 2.3 Changes to the Committee’s modus operandi The way the Committee operates and interacts with the market has also changed over time.
As I have said, its participation base was broadened to include the big emerging economies. Its activities became more transparent, and the market was afforded many opportunities for making comments while the Basel III rules were being drawn up.