There is a big gap between the way banks calculate and report on regulator driven capital requirements and the way in which they actually manage capital. Regulations have become so onerous that some banks spend billions to simply manage reporting and compliance. Fundamentally, the way banks are regulated is counter-productive. We need a simpler approach that will bring regulatory and management capital closer. Data technology has now reached a tipping point and it is possible for a bank's overall risk-adjusted returns to be calculated and aggregated in real time. We can analyze the entire bank on our desktop in almost real-time. It would clearly be more productive and arguably better for banks to spend money on their data infrastructure and processing rather than on massive simulations of more and more questionable "sophisticated" models. This talk is about how this can be achieved.