Any new initiatives will be subject to rigorous impact assessments, and the European Commission will continue its consultation activities with the industry. One of the priorities in this respect will be the further integration of the retail financial market. Ladies and gentlemen, Given the limited time frame I was only able to touch upon some cornerstones of the financial services industry in Austria.
By way of conclusion, however, let me say that I am convinced that, based on its solid background, the Austrian financial sector is in an excellent position to meet both current and future challenges. Thank you very much for your attention. BIS Review 47/2005  5