Finally, the overwhelming number of responses/ comments on the report of IW G gave us a very diverse set of views from a wide spectrum of stakeholders. This corroborates the importance and complexities of the issues around ownership, control, and corporate structure of private banks.
And you have to do it rather sooner than later because if you get in a deflation spiral, it becomes very difficult to get out. Of course I understand the German discussion. By the way in Finland for example, there is also criticism that we acted too late. The decision was disputed – not only by the German members.