Mr. Aidan Carrigan:

No. We would emphasise that there is a single supervisory regime. The regime will operate the rules set out in the capital requirements directive on liquidity, prudential, capital and other regulatory requirements. The single supervisory mechanism under the ECB is responsible for applying those rules fairly and equally across all banks but there is a proportionality principle underpinning that so that one would not have the same demands for low-risk small institutions as one would have for those with bigger risks.