This conclusion presents some closing thoughts on key concepts discussed in preceding chapters of this book. The book outlines three particular domestic factors as crucial in affecting compliance with international regulatory standards: the systemic capacity for dealing with compliance failures, the extent of the diffusion of compliance costs in the country and independence of the regulatory authority. Superficial international harmonization, based on cosmetic compliance, is unlikely to contribute much to the world economy. The international regulatory standards can be effective only when they achieve their ultimate objectives. With regard to the establishment of the Basel Accord, in line with most existing research the book has also found that pressures from the United States, together with the United Kingdom, and their threats to close their markets to foreign banks from non-cooperative states, did indeed drive the creation of the Accord. The Taiwanese authority expected implementation of the Accord to help maintain financial stability, which had traditionally been its major policy objective.