That may involve leaning against the wind, but we’re not at that stage yet. All options are on the table at the moment. What’s your view on Basel III? We’re broadly supportive. Our banking system complies pretty much with it already so it’s appropriate for the rest to catch up!
We have some concerns about the impact of the measures on systemically important financial institutions, however. Why? Because since we have local subsidiaries of systemically important financial institutions, we still don’t know how this will impact their Mexican operations. We also want to avoid a form of taxation without any benefit.