So we have to ensure that everyone can make a contribution – and that efficiency and equity are reconciled and no one is left behind. Some believe that the best way to achieve this is to unwind integration – that inequity comes from Europe doing too much. Others believe that we should press ahead with more integration based on more financial solidarity between nations.
The Basel II NPR also specifies, as part  BIS Review 89/2006  1  of Pillar 2, that each institution must develop a rigorous internal process for assessing its overall capital adequacy in relation to its total risk profile through the economic cycle. These internal assessments will enable each institution to determine the appropriate level of capital for its unique long-term business strategy.