There is nothing called Basel IV per se. What is called Basel IV is simply attempts through new papers and releases to improve the earlier accords' standardized approaches for credit risk, credit valuation adjustment (CVA) risk, and operational risk. These rules lay out new risk ratings for various types of assets, including bonds and real estate. Credit valuation risk refers to the pricing of derivative instruments. Although Basel III with its standardised and internal approach is in effect in most countries now, Basel IV is a progression in the capital adequacy requirements as part of the international regulation innovations.

Based on your understanding of Basel III, your research and the uploaded videos from "pwc" risk and regulation channel ( RCC), please argue the above statement by taking 1 of the following positions:

A. I think no need for more development in the current standardized approach of BASEL III introduced by the Basel Committee in 2010, it is the era of new banking business models and risk control that emerged from the new innovation in financial technologies. End of the story!

B. I don't think the banks, regulators or even the financial stability in my country need more capital regulations, It may fit and be applicable in the European Union Banks.

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 (