And finally, it has also been established that a single deposit insurance scheme will apply in connection with extremely large losses only. Irrespective of how this single deposit insurance scheme is designed. This does not mean that the single insurance elements do not matter. But it means that they should not be conclusive arguments for or against Danish participation in the banking union.
Let me sum up what I have said by emphasising that rule-based international cooperation is the best solution to cross-border challenges. Not least for a small country like Denmark. Thank you. Page 6 of 6