Consistent implementation of global standards is key to supporting effective supervision and realising the full benefits of Basel III, Basel Committee chair and Riksbank governor Stefan Ingves said yesterday at a meeting of the Association of Supervisors of Banks of the Americas in Lima, Peru.

With the Basel Committee having "largely completed" its post-crisis reform agenda, Ingves noted, "regulators as well as supervisors are now accountable for the outcomes produced by the raft of new rules".