In other words, there will be no simplistic layering of the different elements. The  2  BIS Review 164/2009  changes to Basel II will be substantial, and they will be phased in over an extended period so as avoid any adverse interaction with current conditions. •  Regulation is being substantially enhanced on bank liquidity as well.
Finally, it would be a useful exercise for the Fund, in a period of growing vulnerability to capital flow reversals, to identify those countries that do not have own, bilateral, regional, or multilateral liquidity arrangements to fall back on, and to work to improve their access to some safety net.