7 In that vein, as indicated in the minutes from our recent meetings, the Committee has been weighing the costs and benefits of an implementation system with abundant reserves. The current system for policy implementation with abundant reserves has, to date, served us well.
Second question: Was the document delivered by BPI to Banco de Portugal on GES’s financial situation followed up? On 1 August 2013, BPI delivered to Banco de Portugal an economic assessment of GES, with special focus on Espirito Santo International (ESI). The claim that Banco de Portugal ignored this document and shelved it is false.