However, I am confident that we will be able to make meaningful minor improvements. I use the term "minor improvements" because the amendment of a few rules is unlikely to solve the problem of excessive burdens among smaller banks.
This is why I support a more basic approach: the creation of separate regulatory frameworks for smaller institutions on the one hand and for large multinational institutions on the other. This approach is often referred to as the small banking box. This would not necessarily make a completely new rulebook essential, although it might sound that way at first.