Developments since the crisis The profound shift in political and policy environments as a result of the financial crisis has led to considerable strengthening of minimum international standards for internationally active banks, at both national and international levels. Basel III enhanced the quantity and quality of capital requirements and introduced, for the first time, quantitative liquidity standards.
The financial crisis has caused many financial centres to review their development strategies. Bahrain is no exception to this trend, even though the crisis has had only a modest impact on our financial system.