I would like to say a little more on the last two aspects, namely liquidity and leverage. Liquidity transformation is as intrinsic to banking as leverage, yet liquidity risk had been left out of international standards up until the great crisis.
The safeguards introduced with Basel III ensure both greater short-term resilience (through the liquidity coverage ratio, LCR) and a better balance of maturities over the medium term (through the net stable funding ratio, NSFR).