Viewed from this perspective, supervisory authorities’ quantitative minimum requirements – above all, capital requirements – ensure that the banking industry is subject to a minimum degree of entrepreneurial accountability. 3. Global competition, global proportionality in regulation Ladies and gentlemen, how can a globally coordinated regulatory regime be reconciled with proportionality?
Do rules agreed at the global level mean that small, regionally focused banks have to be treated in the same manner as large multinational institutions? Does a global regulatory regime leave no room for proportionality? My answer to this is no, there is no fundamental conflict.