This means effective cooperation between regulators is vital. Meetings like this give us the opportunity to understand each other’s approaches better. So we can become better aligned at a time when the industry is not in crisis. Today we can compare the lessons learned, and listen critically and constructively to one another.
And – I hope – return home with fresh ideas and new contacts. Now I will discuss our experience with resolution here in the Netherlands. Although we did not experience a real case since the establishment of the resolution regime, we have quite a lot experience in the set-up and design of a resolution function.