It is precisely in this way that the OECD Code of Liberalisation of Capital Movements makes its contribution. Through the Code, countries are provided guidance on the sequencing of liberalisation and the appropriateness of policy response to shocks.
From what I gather, your efforts are bearing fruits and we may expect a final text to be hopefully endorsed by the G10 Governors and the Heads of banking supervisory authorities in the forthcoming weeks. The Basel II reform is of key importance. New and bold developments in the banking industry are the ultimate reason for engaging in this reform.