Given its complexities, Basel II has been subject of intense debate. The industry has been gripped with complexities of different dimensions of risk and capital calculation methods, data requirements, and costs related to upgrading IT systems and business processes.
Looking ahead to this year of 2018, from the ECB point of view what two or three things would you like to see politicians decide on to start moving on this future of Europe agenda? So the simple answer is we just want it to happen, right? So we want them to start moving.