Moreover, if  13  See Bank of England (2000). 14  See Issing (2005). 10  BIS Review 96/2007  some members have voted against a policy proposal that represents the majority view, their views, in addition to the majority view, are clearly explained, for example, in the minutes of the MPMs.
It would be a mistake to conclude from these comments that the only way to succeed in banking is through ever-greater size and diversity. Indeed, better risk management may be the only truly necessary element of success in banking. The variety in scale, strategy, and approach among quite profitable and well-capitalized banks in this country is striking.