But I think the centralization option is something to keep in mind when we will review the DORA framework in a few years time. As the financial sector transforms, the stakes – and gains – from cooperation are high. As financial regulators and supervisors, we have a responsibility to make sure that we can continue to deliver on our mandate to safeguard financial stability.
But that does not mean that we will lie idle as market conditions are clearly shifting. We have our own butterflies to consider, not because we want to create hurricanes elsewhere but rather because we want to mitigate the contagion impact upon us and within our market.