Ladies and gentlemen, it is my firm view that there is absolutely no way a one-size-fits-all approach can do justice to today's banking landscape - with its very large and complex institutions, its numerous smaller and regional institutions, and the wide expanse of mediumsized institutions!
It will positively damage the structure of our banking system - a structure that gave us stability during the financial crisis. You may well all be familiar with the allegation that the purpose of the new regulatory regime is to encourage more and more consolidation in the industry - including Germany's banking industry.