Moreover – and I think it very important to emphasise this – it is not just society and the economy which benefit from the new rules. Institutions, too, gain from complexity to a certain extent. They do so in two ways. First, regulators recognise the institutions' internal models and therefore enable them to use internal procedures for regulatory purposes as well.
This is not self-evident. Second, this system leads to low capital requirements by historical standards. This, too, is undoubtedly an advantage that we should not ignore. 5. A second-best solution that we can live with  Ladies and gentlemen, the case can be closed: bank supervisors are not murderers, and complexity is not a murder weapon.