As far as De Nederlandsche Bank is concerned, given the global nature of C&E risks, we think that the prudential framework should ensure a minimum level of harmonisation and a level playing field across jurisdictions. To achieve this, let's look at the current framework. As a start, we should consider whether there is flexibility in the framework to respond to C&E risks.
In addition, we are continuing to increase our holdings of Treasury securities and agency mortgage backed securities at least at their current pace until substantial further progress has been made toward our maximum-employment and price-stability goals. These purchases have materially eased financial conditions and are providing substantial support to the economy.