Are all Basel Committee members in adequate state of preparedness to implement the Basel III framework in time and in full compliance with the framework? iv. Another concern voiced by many is the possible impact the new regulations may have on Emerging and Developing Economies (EDEs) which, did not contribute to the crisis.
EDEs require growth and the new regulations, in their pursuit of stability over growth, may impinge upon their growth at least in the short term. The opinion  1  Caruana, Jaime, (Sept 2012), “Dealing with financial systemic risk: the contribution of macroprudential policies”. 2  BIS central bankers’ speeches  often expressed, therefore, is that these regulations are an unnecessary burden on EDEs.