That is a question of balance. On the one hand, and I fully agree, a supervisor has to be forwardlooking. That’s why the question with regard to the deduction from own funds is a correct one. I fully agree that a supervisor has to be forward-looking, and we are forward-looking within the legal framework given to us.
So, it is on the one hand a question of how fast and how strong you act with the ultima ratio measure – that is, naming a bank failing or likely to fail – and on the other hand, when you act, you infringe on the laws of the investors because a bail-in means you expropriate.