First, it will stick to its original purpose of being a standard setter for the regulation and supervision of large, internationally active banks. Second, it considers proportionality as being a relevant topic. Therefore, the Committee wants to examine the topic further, for example by conducting a stocktake of existing proportionality approaches.
This will provide us with greater transparency as to how banking regulation works for smaller institutions in different countries including nonmembers of the Committee. I welcome this approach. We should try to learn from each other and turn the differences between our financial sectors and the different perspectives resulting from them into an asset.