A number of efforts linked to resilience are underway at the international level; these are aimed at strengthening the stability of financial institutions.
The core element is the Basel III regulatory framework, which builds on the Basel II regulatory framework issued by the Basel Committee on Banking Supervision (BCBS). This committee has established the principles of effective banking supervision. In addition, Basel III also sets out stricter requirements for the risk-weighted capital of banks and supplements this with the leverage ratio: a simpler, non-risk-based measurement. A third element are new standards that define the minimum requirements for liquidity. These measures strengthen the resistance of the individual institution and the entire banking sector to a crisis.
In a high-profile speech in November 2014, the Governor of the Bank of England, Mark Carney, estimated that the capital requirements for the majority of banks have increased seven-fold over the past seven years. The requirements for the major global banks have increased ten-fold over the same period. However, many of these companies will have implemented the new requirements ahead of time.