Furthermore, guidance in this area has been prepared and is currently being further developed by both public fora – such as the Basel Committee on Banking Supervision at international level and the Committee of European Banking Supervisors (CEBS) in the EU – and private sector initiatives, including the recommendations of the European and the American Securitisation Fora, aiming at standardising disclosure practices and at enhancing the accessibility, usability and comparability of information.
Aschmoneit: Yes, indeed. It’s not just about the loss of material things, but also about the loss of dignity. When an old man has to beg, it’s degrading. I have nothing against you personally, Mr Cœuré, but your system has to go. SZ: Mr Cœuré, do you understand the criticism? Cœuré: Yes, on two scores. The right to demonstrate is crucial for our democracy.