Concluding, ladies and gentlemen, let me finally observe that the factors behind the New Economy applicable to the US could also have a similar positive effect on Europe. As regards technology, as I already pointed out in my opening remarks, there is the chance for Europe - based on the US experience - to achieve good results.
Besides the integrity supervision of persons, business relations and organisations, DNB also concerns itself with the integrity of the entire financial sector. Here too, integrity goes beyond compliance with statutory rules and provisions. Unsound conduct can damage the sector as a whole, even if, strictly speaking, no violations occur.