Principles for prudential regulation of nonbank intermediaries and activities It is widely understood that any regulation of nonbanks should fit their activities and the vulnerabilities they pose, which implies that not every nonbank financial institution or activity necessarily needs to be regulated.
I would like to express my heartfelt thanks to you for that, on behalf of all colleagues; on behalf of the Executive Board; and I would like to extend my own sincere gratitude for the excellent working relationship we have enjoyed. We wish you all the best for the future!