From that perspective, the ECB is preparing itself for all eventualities, as it has always done in such circumstances, and preparing to take steps to stabilise the markets, notably by providing liquidity, as we have always done in such circumstances. It’s simply what we do. So a Brexit could have an impact on the ECB’s monetary policy?
More than 93 percent of the expected Basel I banks hold capital that is in excess of 10 percent of their risk-weighted assets. Moreover, in this country, requirements of the sort found in Pillar 2 have been in existence for many years and are well ingrained into our supervisory process.