Increasingly, in several countries, the principle of proportionality in regulation is being discussed and implemented. What is meant for internationally active banks may not or should not be indiscriminately applied to all!
While there seems to be a strong case for proportionality in regulation – banks with simple business models should not fully implement Basel III -, it is not at all simple to decide which features of Basel III should not apply and which features should apply. Generally, proportionality in regulation tend to be an outcome of a riskbased approach to regulation.