This aspect of the complexity concern is, I think, somewhat misguided because it has typically equated the Basel proposals with the sum total of those background papers that have been released in an effort to explain more transparently not only what the proposals are but why they look the way they do.
Nevertheless, there is no doubt that the Basel II proposals themselves are several times longer than Basel I. One reason for this is that Basel II contains several different versions--it is no longer a one-size-fits-all approach. But in the United States, we are not proposing to implement every flavor of Basel II.