5  See also the BVR paper (cited in footnote 1) and European Banking Authority Banking Stakeholder Group (2015), Proportionality in banking regulation (pages 52–53)  6  The legal basis for this and for the Commission’s work could be inserted in the CRR (and in the CRD IV, too, if appropriate).
BIS central bankers’ speeches  5  The second area in which improvements need to be made for small banks is in the field of reporting and disclosure. Let me be honest, ladies and gentlemen: these days, you are being asked to report a very great deal of information, and I think it’s right and appropriate to question just why that is.