Remarks by Wayne Byres, Secretary General of the Basel Committee on Banking Supervision, prepared for the Financial Stability Institute’s 6th Biennial Conference on Risk Management and Supervision, Basel, 6 November 2012: “My main message to you this afternoon is that implementing Basel III is essential, but it must be accompanied by other measures and reforms so that a truly healthy banking system is secured for the future. We need our regulatory and supervisory approaches to work in tandem, as neither is sufficient on its own. We must implement Basel III and the other agreed reforms in a full and timely manner, upgrade our supervisory capabilities, and be responsive to stress and risks as they arise. We cannot guarantee a ‘no more crises’ era ahead, but we can assure enhanced resilience.”