At the same time, the framework needs to accommodate robust U.S. supervisory practices and the unique aspects of our financial markets. I also believe that we have an obligation to retain only those  BIS Review 81/2007  3  divergences for which we are convinced the regulatory benefits exceed the implementation burden and costs.
7 There is an ongoing debate among researchers about the actual amount of “skill mismatch” in the labor market, 8 but many employers certainly seem to perceive that such mismatch is real. The key question is what can we do to increase the supply of skilled workers?