Better starting point for the sector today than ten years ago Finally, I will take this opportunity to reflect a little on the development since I took up office. When, as Governor, I gave my first speech to the Danish Bankers Association, as Finance Denmark was then called, number six in the series of bank rescue packages had just been finalised.
That was in 2013. And ever since, work has been done to ensure that we don't end up in the same situation again. The foundation for the new financial regulation is coming together. The regulation now rests on three fundamental pillars laid down by the EU and the Basel Committee. The first pillar is sound and accurate capital adequacy.