The recent suggestions for adaptations in the  BIS Review 107/1999  4  regulatory framework for banks by the Basel Committee on Banking Supervision mirror the genuine intention and proactive attitude of supervisors to ensure sound market conditions in the financial services industry, and to safeguard the stability of the global financial system.
Having said all this, I cannot but finish with an optimistic observation. The banking industry has shown ingenuity in coping with many challenges. This is mirrored in the diversification of its activities.