This suggests that more comprehensive implementation of resolution reforms is associated with a reduced funding advantage for SIBs, and hence with less economic distortion. In addition, the evaluation has looked at credit ratings and bail-in premia implicit in credit default swap (CDS) spreads, which are larger for riskier banks. Both of these results suggest that market discipline has improved.
But since it was a private meeting, I do not think it would be correct for me to comment on what Mr Tsipras said. It is important for us to maintain dialogue with political forces in all countries, without prejudice to our independence. Currently the Hellenic Financial Stability Fund has a buffer of € billion.