If you ask me, that alone is reason enough to systemically scour the existing rulebook for provisions that ask too much of smaller institutions and to then set about eliminating them. In Europe, the rulebook is presently being subjected to a thorough and comprehensive review, and the European Commission has already tabled quite a few proposals for amending the rules.
Some of these proposals would bring relief for smaller institutions. These are proposals I advocate in principle. Adjustments could be made to the magnitude and frequency of disclosure and reporting 2/5  BIS central bankers' speeches  requirements. The standards for remuneration systems are another area that could be addressed, while sensible exceptions might be made to the new standardised approach for market risk.