In most countries an uneasy balance remains between unleashing the forces of competition and reining them in when they are perceived to threaten the social order. With markets continuously evolving as technologies advance and the political perceptions of the proper extent of regulation also changeable, it is no wonder that our regulations always seem to be in flux.
Ultimately, quantitative adjustments such as those witnessed with respect to Basel III form part of a bottom-up evolution of the financial stability regime. Beyond quantified requirements, there is little scope for definite answers. Such certainty would require a concrete idea of picture-perfect finance.