I am confident that the US authorities will live up to their commitment and will take the necessary steps to further enrich their national framework so as to take into account the latest proposals formulated by the Basel Committee.
Turning to fiscal policies, with financial market uncertainty remaining high, all governments need to take decisive and frontloaded action to bolster public confidence in the sustainability of government finances. All euro area governments need to show their inflexible determination to fully honour their own individual sovereign signature as a key element in ensuring financial stability in the euro area as a whole.