We have also met individually with a wide range of institutions to discuss the proposals and institutions’ preparatory work, and have offered access to several Basel II-related activities (such as QIS-4 and LDCE exercises) to any institution wishing to participate. Let me state quite clearly that we value the participation of all institutions in these efforts and welcome the continued dialogue.
They relate, in particular, to ongoing tensions in several euro area financial  BIS central bankers’ speeches  1  markets and the potential spillover to the euro area real economy. These risks should be contained by effective action by all policy-makers in the euro area.