The new framework should improve supervisors' ability to understand and monitor the risk taking and capital adequacy of large complex banks, thereby allowing regulators to address emerging problems sooner. It should also enable market participants to better evaluate the risk positions at those institutions.
We can thus look ahead to the emergence of a more advanced financial system which better serves society at large and, in particular, retail customers in many respects – Mr Gerke, allow me to quote your expectation that the change will make transparency, security and fairness a matter of course in future.