I thought it might be useful for me to close the conference by giving you my perspective on some of the imbalances currently evident in the U.S. and global economies, how they might be resolved, and their implications for policy - including monetary policy.
We should reach a globally accepted definition of capital. The Basel Committee and the FSB are working so that the timing chosen for the implementation of the new rules do not prejudge economic recovery. Handelsblatt: Are you confident that we will have a globally coordinated regulation? Lately we have seen a lot of tension between the EU and the US.