With the exception of points 4 and 9, most of these aspects of a new regulatory environment are being developed by European Union institutions or the Basel Committee, subsequently to general guidelines prepared by the Financial Stability Board and approved by the G20.
It would seem then that the work has been progressing in the right direction to create a more resilient and efficient financial system. Nevertheless, I want to make a few comments on aspects that I consider more important or are being insufficiently addressed.