We also need to be vigilant about major regulatory differences for like activities that could put pressure on the soundness of the regulated sector. IV. Impact assessment, calibration and implementation and conclusion  Before I conclude let me say a few words about the Basel Committee’s process for finalising its reform package.
I would like to emphasise three key features of the Committee’s work that help ensure that all the parts work together and that the new regulatory package succeeds. First, there is public consultation. The Committee is conducting a thorough analysis of the nearly 300 comments received covering thousands of pages.