Second, in addition to a thorough internal analytic process, we also are committed to soliciting and considering the comments of others. We are, of course, consulting extensively with other financial regulatory agencies, both bilaterally and through the Financial Stability Oversight Council.
But in addition, let me also thank those of the BIS staff who have put together this “labour of love”, and I do not think that is too strong a term. In particular, let me mention Dubravko Mihaljek, Philip Turner and Már Gudmundsson, each of whom worked closely with Palle (though in different ways) over many years.