Furthermore, we do not just conduct quantitative and qualitative assessments separately. We work hard to combine both approaches in our methodology by bringing together the strengths of both concepts. Let me explain briefly the structure of this SREP methodology. The slide shows that it consists of four main elements: 1.  Business model assessment,  2. Internal governance and risk management,  3.
Risks to capital, and  4. Risks to liquidity and funding. All four elements are assessed and rated. They feed into the overall SREP assessment that forms the basis for SREP decisions.