Assuming such an agreement can be reached, in the field of banking regulation the next few years should be devoted to maintaining the regulatory system, not to overhauling it radically once again; we also need to review the rules, by checking for any embedded procyclicality or other unintended consequences, rather than establishing further capital requirements.
The Eurosystem which has strongly supported the Lamfalussy approach from its inception and has actively contributed to its development during the past years also intends to contribute to the review process.