There are also a number of accounting reserves but I won’t discuss them further because they don’t really impact the results (Graph 5).
Maintaining reform pressure and reducing risks before establishing a common safety net certainly extends beyond eliminating current privileges for sovereign bonds in banking regulation. It pertains to all excessive risks currently identified in national banking systems. Allow me to comment on one of these risk categories later in my speech, namely on large amounts of nonperforming-loans in banks in several member states.