Stengthening capital buffers and reducing systemic risk lies at the heart of the global regulatory reform agenda. The task is co-ordinated through the work of the Basel Committee on Banking Supervision. Although there is less on business conduct there are inevitable areas of overlap, for example in the manaufacture and sale of complex financai products and the extent to which regulated entities, availing of implicit taxpayer guarantees can or should engage in proprietory trading. This series explores the main features of Basel Three and tracks its implementation through the relevant Basel sub-committies - the Standards Implementation Group, The Policy Development Group, the Accounting Task Force - as well as the Basel Consultative Group, which cordinates the relationship with non-banking regulators.