For it is only with an internally consistent regulatory agenda that we can make the international financial system more stable and more resilient to crises. In order to achieve this goal, the international agreements now finally also have to be consistently transposed into national regulations and laws.
Even if slight delays to the original timetables cannot always be avoided, there should be no doubt about the determination of all the G20 countries, including the EU, to continue fulfilling their commitment to implement the reforms. Thank you for your attention. I look forward to the ensuing discussion. 4  BIS central bankers’ speeches