Over the years, regulations that were drafted by Basel Committee have shifted in focus from simplicity to risk sensitivity.

Argue the above statements by taking one the following positions.

A. I think there will be no more Basel accords, it is the era of new banking business models and risk control. End of the story!

B. I tend to agree that we will need at least a decade before we see a change to the proposed framework of Basel IV.

C. No, It is not the end of the story, innovation is a change and the Basel accords are products of international capital adequacy innovations.