On August 18th, the Financial Stability Board and Basel Committee on Banking Supervision published reports regarding the new bank capital and liquidity standards, and advising of transition arrangements for implementation of the new standards. The two reports are "An Assessment of the Long-Term Economic Impact of Stronger Capital and Liquidity Requirements" and "Assessing the Macroeconomic Impact of the Transition to Stronger Capital and Liquidity Requirements". Together, the reports provide an assessment of both the net economic impact of stronger capital and liquidity reforms once implementation is complete, and the macroeconomic implications during the transition to full implementation. BIS Press Release.