Instead, I would like to share with you my view on the challenges of regulating the financial markets in Europe and Brazil. Obviously I am much more of an expert for the financial sector in Europe.
As a result, any adjustments to the regulatory framework should be modest and preserve the increase in resilience at large dealers and banks associated with the reforms put in place in recent years. Remaining challenges So where do we stand a decade after the onset of the most severe financial crisis since the Great Depression?