The global nature of the crisis underlines that the financial stability of Europe also depends on the quality of financial supervision outside Europe. Let me briefly raise just two key issues regarding international supervision that warrant further attention, without going into detail. Scope of supervision The first issue is the scope of financial supervision, which should be broadened.
Still given the breadth and depth of these proposals, it is critical that we consider all viewpoints. To date, comments from bankers--at all sizes of institutions--have been quite helpful. We request that you continue providing feedback on all the regulatory capital proposals we are contemplating. Conclusion I hope you found my remarks about recent regulatory initiatives informative.