2  BIS Review 40/2001  It is our hope and expectation that the large, complex banking organizations (LCBOs) will continue to enhance their risk management practices so that they might be prepared to adopt the advanced IRB approach. Other banks that can meet the standards are also welcome to use the advanced approach.
But we do not plan to relax the standards to ensure that all the LCBOs qualify. LCBOs that believe they will get a free pass into Advanced IRB simply by virtue of being large and by promising to someday improve will be, I think, disappointed.