With bankers lobbying the CFTC to slow down and give foreign regulators time to catch up with it on derivatives rulemaking, consultant Mayra Rodríguez Valladares argued that waiting for uniform international rules is a losing proposition. If we have learned anything” from the experience of Basel capital rules, she wrote, it is that “countries’ differing cultural traditions, legal frameworks, and points in the economic cycle make it impossible for everyone to craft, implement, and supervise a uniform regulatory framework simultaneously.”