13  Gary Gorton, Andrew Metrick, and Lei Xie (2014), “The Flight from Maturity (PDF) ,” NBER Working Paper No. 20027 (April). 6  BIS central bankers’ speeches  Considerable attention was paid to these and other concerns during the consultative and deliberative processes in the Basel Committee.
As I mentioned earlier, the seriousness with which central bankers and regulatory agencies took these concerns is evidenced by the fact that the NSFR was subject to considerable revision over the last four years.