Mr. Aidan Carrigan:

I would not put a figure on it but we are talking about several hundreds of larger institutions. As I highlighted in my opening statement, the text includes thresholds of €30 billion in assets or 20% of GDP of the relevant member state. Banks large enough to exceed those thresholds will be taken into direct day-to-day supervision by the ECB. Banks below the threshold will continue to be supervised day-to-day by local competent authorities under the oversight of the ECB and within its general guidelines and rules. Provision is also being made to ensure that at least three banks in each eurozone state will be supervised directly by the ECB.