When world leaders inked a deal on tougher bank capital rules last November lenders breathed a sigh of relief that compliance won't start until 2013. Speakers at this week's Reuters Future Face of Finance Summit highlighted just how misplaced that relief turned out to be as regulators pile the pressure on banks to meet and even exceed the Basel III rules early. "The direction is set," European Banking Authority Chairman Andrea Enria told the summit. "There needs to be more capital, less leverage, more liquidity buffers and a tougher regime on deductions from capital," Enria said.