Jaime Caruana spoke on the remaining challenges to complete regulatory reform. These are:

  • Consistent implementation of reforms already agreed, specifically Basel III
  • Building a resilient financial system
  • Completing the regulatory reform agenda, in particular implementing the requirement for higher loss absorption capacity and sound resolution frameworks for systemically important firms, and reduction and monitoring of shadow banking risks
  • Ensuring adequate oversight

(Source: Speech by Jaime Caruana: Regulatory reform: Remaining Challenges)