More recently, the complications posed by having different accounting conventions in different G-10 countries have received more attention and this problem is also beginning to look more capable of resolution. Ongoing discussions between the Accounting sub-group of the Basle Supervisors and the International Accounting Standards Committee are directed to resolving some of these problems.
Success in this area would also provide international benchmarks to help guide and improve accounting standards in many emerging markets. Without such improvements in the basic numbers, it is difficult to draw much comfort from banks in emerging markets claiming to have met the minimum capital adequacy requirements.