The areas where requirements have risen show just how risk-sensitive the reforms are: we are seeing increases in the capital required in areas which are more at risk – equity interests, for instance. And at the same time, there are credit institutions which take on less risk, so naturally their capital requirements will be lower going forward.
Of course, it sometimes makes sense to interpret rules against the background of national special features – but sometimes it doesn’t. We therefore have to review all these options very carefully and keep only those options which truly reflect the peculiarities of various markets and banks, while allowing all others to expire.