Reserve Bank governor Glenn Stevens may have been referring to the US delay when he told a questioner after his CEDA speech on Tuesday night that "some quite influential countries are feeling the need to tweak some of the parameters" of the Basel III agreement.Stevens, a long-time though gentle sceptic about the international regulatory process, said the pace of Basel III rule-making had been too rapid."There's a risk of unintended consequences, if you're not careful, that comes with speed," Stevens said in a transcript of his comments released yesterday."I've felt myself a little uncomfortable with that."But Stevens said that while tougher capital rules raised the cost of financial intermediation, "I think in all honesty the community just has to accept that, because the price of intermediation appears to have been too low before".