First, we have taken measures to reduce divergence between countries caused by bank funding risk. We have provided unlimited liquidity to banks in need at fixed interest rates, extending the maturity of our operations up to 3 years. We have allowed national central banks to tailor collateral rules to national conditions.
This comprises two main sections – a review of performance in 2010 and a regulatory performance plan for 2011. Our key priority remains the resolution of the banking crisis and helping to put the banking system on a sound footing. We are now at your disposal for questions. BIS central bankers’ speeches  1