A good starting point will be the idea of using long-term unsecured debt, with appropriately tailored characteristics, as a gone-concern complement to going-concern common equity requirements. BIS central bankers’ speeches  3  A fifth reform is a proposed set of quantitative liquidity requirements.
As seen during the crisis, a financial firm – particularly one with significant amounts of short-term funding – can become illiquid before it becomes insolvent, as creditors run in the face of uncertainty about the firm’s solvency. While higher levels and quality of capital can mitigate some of this risk, it was widely agreed that quantitative liquidity requirements should be developed.