And a truly outstanding education is one that instills in students moral values and ethical behaviors. In striving to encourage our students to do "well," we must not forsake our responsibility to give them a solid grounding in those topics that will help them do "good."
I am referring here specifically to the European resolution regime. At this point of the journey, the next milestones concern realigning the European resolution framework and its national counterparts, and banks building up bail-in-able capital in order to meet their MREL targets. Once these tasks have been completed, the rules will do their part to reduce the sovereign-bank nexus.