The international nature of the accord meant that it explicitly recognized the increasing globalization of the activities of many depository institutions, their parent organizations, and financial markets more generally. Lastly, the accord helped align the incentives of supervisors and market participants.
Almost immediately, market participants began to evaluate banking organizations on the basis of the fully phased-in system, even though full implementation was officially delayed until the end of 1992. December 1991 saw enactment of the Federal Deposit Insurance Corporation Improvement Act, or FDICIA.