Also, the prudential and supervisory treatment of crypto tokens has become a separate realm – with many connections to traditional segments such as operational risk or prudential requirements. We have achieved significant progress in updating and concretising our standards, e.g. regarding IT-related expectations or also regarding outsourcing activities. However, within most of those topics, fundamental questions remain.
And, in terms of the general future outlook for growth, we should bear in mind that the financial crisis has not impaired major drivers of growth. Emerging markets, for instance, will still make great efforts to catch up, and technical progress will continue. Thus, the crisis certainly does not mark the end of economic growth.