Looking ahead, the new prudential practices to be introduced under Basel II will further improve our ability to deal with financial risks and better tailor our prudential requirements to each market's special needs. Another positive development is the diminishing danger of contagion, as we have seen after Argentina's default, which did not lead to widespread withdrawal of funds from emerging markets.
This is particularly significant for the emerging market economies in Southeastern Europe, which look to a greater integration in the world economy without the fear of being hit by a crisis that originates elsewhere. All this of course, provided they maintain healthy fundamentals.