In a global context, it is of course critically important that standards are raised everywhere. In the FSB, we have embarked on a process to identify the non-co-operative jurisdictions that fail to implement internationally agreed standards in the prudential and regulatory area. We are developing a toolbox of measures that will incentivise adherence to reforms in these jurisdictions.
It is not our communication which is flawed, it is the hype that is being provoked by people with vested interests. If you would look at what we communicate, I think this is quite clear. The situation has changed since December, we will reexamine and reassess and possibly, if needed, also correct. And we are fully determined to fulfill our mandate.