– Carefully consider the more flexible approach to capital charges for interest-rate risk or operational risk preferred by U.S. regulators.

– Avoid imposing a compliance burden on smaller institutions from a supervisory approach designed for more complex institutions.

– Exercise caution in requesting additional costly disclosures that may not be useful to investors or result in incorrect impressions about the bank within its customer base.

A copy of the letter to the Basle Committee is linked.