Again, I would like to emphasise that the intention of our recommendations was that it was to apply to all participants, with appropriate consideration to the size and structure of the market.
The crisis has revealed the significance of systemic risks. If we are to better counter risks of a systemic nature, all systemically relevant financial institutions, markets and infrastructures must be regulated and treated in exactly the same way. This holds particularly true in the event of more stringent regulatory requirements being imposed on the traditional banking sector.