The Basel framework for banks' capital adequacy has been criticized for relying too much on credit rating agencies and potentially slowing down economic growth. The Minimum Capital Requirement under Basel-III can increase banks' costs. The framework doesn't consider the basic accounting equation and separates capital and liquidity requirements. Combining these requirements could give a more holistic view of a bank's position. A new framework has been proposed to address these issues and simplify the implementation of the Basel accord.