A lot of what needs to be done requires international consistency because finance is global. It is therefore of critical importance that, as we set out a constructive path for reform in our respective constituencies, we work to ensure that this takes place with a view to preserving the advantages of integrated global financial markets and a level playing field across countries and sectors.
With regard to the frontloading of central banks outside the euro area, I should mention that 26 central banks, mainly in central and eastern Europe, the Mediterranean area and in Africa, requested to be frontloaded with euro cash. The total value of the euro banknotes provided to these central banks and to wholesale banks outside the euro area amounted to some EUR 4 billion.