At the ECB we’ve reacted by creating a forum – the Euro Cyber Resilience Board – which assesses the resilience of major European infrastructures. We’ve also reacted at the level of the G7, with a recent cyber crisis coordination exercise. Has the ECB already experienced a major, significant cyber attack?
We experience thousands of small ones every day, like everyone…  So no “massive” attack? Not for now, no. No significant attack. But it will come, and we have to be ready. You talked about this parallel finance that is becoming increasingly important; there is also a huge amount of money flowing into private equity. Why?