I have outlined my thoughts in this area, but I would invite you, as market participants, to also formulate your own ideas for furthering the process of financial integration. The final outcome of the will be the result not only of competitive pressure or policy decisions, but very much also of cooperation between market participants and public authorities.
I would however underline that given the speed of developments in financial markets, it is important that a post-FSAP strategy is implemented in a timely fashion, with clear milestones. Furthermore, such a post-FSAP strategy needs to be carefully and independently monitored and reviewed, in the same manner as the FSAP itself was.