This suggests not only different approaches across nations but also different approaches within  BIS Review 105/1999  2  nations. A one-size-fits-all supervisory and regulatory framework is simply inconsistent with the existing and evolving banking structure. Banks are just too different, with different risk profiles, risk controls, strategies, and approaches to managing risks to be supervised and regulated by one yardstick.
Similar institutions should be supervised and regulated similarly, and different institutions differently.