An important new development here results from the Revised European Directive on banking Capital Requirements. This Directive adopts the new Basel II capital framework for European legislative purposes. It also requires supervisory disclosures from all European competent authorities - a development which we support actively.
So in future everybody will be able to compare the supervisory level playing field for banks through the websites of the European Banking Supervisors. The view of Jan Hommen Such supervisory objectives compare well with those of the business community. To illustrate this I will select some sound bites from a recent speech by Jan Hommen.