In the meantime we have been smoothening the process and procedure relating to their investments, e.g., direct participation in trading , introduction of T+2 settlement and possible introduction of international settlement linked to domestic trading system.
The most important innovations in prudential supervision are discussed and drafted in international committees. The challenges to supervisors in the ever-changing European banking market are very multi-layered. Let me address just a very few aspects which I think are of exceeding importance.