2  BIS Review 117/2010  incomplete, with banks retaining large quantities of supposedly risk-free leveraged super senior tranches of structured products. These exposures were compounded by the rapid expansion of banks into over-the-counter derivative products. In essence, banks wrote a series of large out-of-the-money options in markets such as those for credit default swaps.
The third goal is to continue providing safe, state-of-the-art euro banknotes, recognising their role as a powerful symbol of European integration. As part of our strategy, we will engage with the public to understand which themes and designs can best connect us through euro banknotes in the future.