Higher levels of capital reinforce banks’ stability, their capacity to supply credit even in  6  BIS central bankers’ speeches  difficult conditions. Consistency between capital endowment and asset risk is confirmed as a linchpin of the regulatory framework. Basel III comes into force next year.
I think I have lent weight to that statement this evening. Fortunately for me, members of the accounting profession are known for their long concentration spans and for their patience. You have certainly been an attentive and patient audience. I will not test your patience any further. Thank you. 4  BIS Review 21/2004