In 2009 the budget correction will consist mainly of revenue increases, which will account for about two thirds of the correction with respect to the figures on a current legislation basis. In the two subsequent years the planned adjustment consists entirely of reductions in expenditure. The revenue measures are aimed in particular at certain high-profit industries.
*  *  Introduction  Dear Ladies and Gentleman The regulation of the OTC derivatives markets is more or less on track, but the ambitious timeline of the G 20 will not be kept.