The fully calibrated set of measures will then be issued by the end of 2010 and  2  BIS Review 75/2010  the new standards will be phased in by the end of 2012 provided that economic recovery is assured. Although the envisaged reforms will strengthen the existing rules, they will not change their underlying principles.
It is therefore imperative that targeted policy evaluations are also undertaken. Such evaluations should not only focus on whether existing distortions have been sufficiently mitigated, but also whether unintended side-effects have come to the fore. Needless to say, such evaluations should be evidence- rather than sentiment-based. 2.