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How should the success of river and floodplain restoration be assessed? What should we be restoring? We contend that the benchmark for restoration should be the river in its “natural,” that is, quasi‐equilibrium condition prior to deliberate modification. The pre‐modification condition of the river represents a quasi‐equilibrium state in which the river accommodates and adjusts to catchment water and sediment fluxes, whether in a pristine or modified catchment. The resulting assemblage of river landforms (e.g., bars, channels, backwaters) is in balance with the prevailing flood and sediment regime. Furthermore, equilibrium channel forms can adjust to changes in, for example, flood magnitude and frequency via for example, channel expansion or contraction. A restored river system is one that once was anthropogenically restricted, but now has regained capacity to adjust its form. River restoration needs …