In considering this issue, I would like to first pose two questions to the top executives that are here with us today. First, in the years heading up to the crisis, especially the five year period between 2003 and 2007, did you recognize that risks were building up in your institution and/or in the financial system?
This would benefit each market user, it would benefit the financial community as a whole and - even more importantly from my point of view as a central banker - it would help to unleash more growth potential for the European economy. BIS Review 58/2002  3