 O question que foi realizado por Jean-Claude Trichet was basically to what extent all the financial sector reforms that had been applied or at least agreed whether they were sufficiently, they were sufficient to make the whole banking system or the financial system in general fully resilient. E o que xe tried to answer my main message where of course well I tried first to summarize the content of those reforms that indeed they have increased according to different metrics the resilience of the banking system but of course that this depends and this assessment depends very much on a full implementation of these reforms in the following years because some of them are still pending to be implemented. That is also crucial that the micro supervision of the banking system is done in a very rigorous way and still we have to accept that we need to do evaluation of all the reforms in order to achieve to the proper conclusions in order to answer to the question that was raised by Jean-Claude. At the same time I was also putting an emphasis to try to avoid the regulatory cycle that has happened in the past that the regulatory rules were to certain extent diminished before when the cycle was booming and we should avoid this very important message that I wanted to send. And then finally of course the Basel committee will not only look to the reforms that had already been approved but also will look to the risk that are emerging trying of course to draw policy conclusions in order to mitigate them accordingly.