2  BIS central bankers’ speeches  Having said this, I would like to mention several points with regard to the finalization and gradual implementation of the Basel III regulatory reforms. The first point is the importance of a comprehensive calibration of the framework in its finalization.
Several of the remaining issues involve quite a number of calibrations based on the accumulation of very technical and expert considerations, such as the measurement of risk-weighted assets. The outcome of these considerations would have a significant impact on the determination of required macro capital and the risk-taking behavior of financial institutions.