But as supervisors, we need to ensure adequacy and enforceability of our minimum regulatory capital requirements while maintaining some consistency across banks. In a broader sense, we are working to protect the safety and soundness of our financial system.
Naturally, as we seek to develop a common framework that will work for large complex banks globally, we recognize an inherent tension between our regulatory requirements and internal bank practice. We are working to strike the right balance to achieve our goals without making Basel II purely a compliance exercise and creating undue burden.