We rarely see a multitude of competing retail payment systems in one market at the same time. Economies of scale is one of the driving forces behind this. Payment methods can be more numerous but established and widely used methods are a rare breed also.
The Committee also is pressing ahead with our work to introduce a credit default risk charge for the trading book. As you know, there has been a rapid growth of less liquid, credit sensitive products in banks’ trading books. These products include structured credit assets and leveraged lending.