Conclusions Now I would like to return to the main thread of my remarks and to provide some concluding thoughts on the way forward. I have already stressed the importance of the Basel II ANPR and the associated comment process in the United States. Complexity and competitive equity are two important themes for this comment process.
Undoubtedly other issues will also be the subject of significant feedback. The issue of operational risk is by now surely familiar to most of you, so I will not belabor these points here. The calibration of the overall framework as well as of particular subsections of the framework will also inevitably attract a great deal of comment and attention.