In particular, we are holding the largest banks to much higher standards in the amount of capital and liquidity they hold and in the ways they assess and manage the risks they take. I am confident that the system today is stronger and in a far better position to support the financial needs of households and businesses through good times and bad.
We will proceed at a gradual pace, or a measured pace as Mario Draghi said, in a way that is most appropriate for inflation convergence – taking into account continued uncertainty about the size of the output gap and the responsiveness of wages to slack. You said you would have a discussion about revising your guidance in early 2018.