As an example, for any financial systems that look ahead one year, the early January 1999 dates provided a test of their Year 2000 readiness. During 1999, other application look ahead dates will provide further indications of our readiness as well as our ability to initiate our contingency plans.
But we shouldn't make too much out of it. WSJ: What is the priority for regulators at the moment? Mr. Draghi: Credit circuits have been clogged now for more than a year.