The main point is: Basel is likely to make the global banking system even more complex if it were not adopted in all important jurisdictions. Now let me turn to simplicity. I very much like simplicity. But it is important to remember another basic principle: It is unfair to treat different things equally.
BIS central bankers’ speeches  1  In the early days of football, the rules were much simpler than today. One simple rule was that if a player commits a foul, the opposing team will get a free-kick. That rule applied regardless of whether it was a mild or a harsh foul, whether it took place in the midfield or close to the goal.