There is a common misconception that great ideas come from a blank sheet of paper, but this is simply not true - good developers will come up with better, smarter product designs if they know what they are trying to achieve and where they can look for existing know-how.

BBC: Business

However, the fill-in-the-blank parts presumably give some leeway for the regulators and supervisors to apply some common sense.

FORBES: Financial Reform: The Upside of a Fill-In-the-Blanks Approach