It is still too soon to make a final assessment because we don’t know exactly what the US government wishes to review or which areas of the Dodd-Frank Act, which numbers hundreds of pages, are being targeted for amendment.
Overall – yes, it is true that we are keeping European institutions on a tighter rein, as you put it – I think the financial regulation has turned out well. We will need to review some aspects over the next ten years to see if there have been any unintended consequences.