Basel III makes a number of important changes to address deficiencies in the pre-crisis capital rules: First, reflecting both intuitive good sense and market realities during the crisis, Basel III creates a new minimum common equity capital requirement.
*  *  *  Honourable Speaker of National Assembly Honourable Minister of Finance & Development Planning & your Colleagues in Cabinet & Parliament Your Excellencies, Members of the Diplomatic Corps Chairman of the House of Chiefs PSP, Senior Government Officials & Heads of Parastatal Organisations Members of the Board of the Bank of Botswana Members of the Banking Fraternity, representatives of the wider financial sector & Captains of Industry Distinguished Ladies and Gentlemen Good evening.