After that they spiralled upwards, reaching 660, 380 and 330 basis points, respectively, between the end of April and the beginning of May 2010. There were several more acute bouts of tension on the euro area sovereign debt market in the second half of 2010 and the first few months of 2011.
I will not go into each one of the steps but on a very high level, our “test and learn” approach has been proven to be useful in dealing with increasing digital innovations in the market and promoting development and innovation within the financial services industry.