One is that the increase in household leverage that occurred through the 1990s and first half of the 2000s in response to the downward shift in the nominal structure of interest rates has run its natural course. The slower growth in  1  R Battellino (2010), “Financial Developments”, Address to the Property Council of Australia, Brisbane, 8 October.
Although the new, complex standardised approach is all well and good for institutions that engage in substantial trading activity, I don’t think they are suited to locally based savings banks or people's banks. We also support the idea put forward by the European Commission and the European Parliament of excluding development banks from the scope of the CRD/CRR regulatory framework.