Mr. Mario Nava:

I am not here to accept responsibility; I am a witness. What I have tried to explain is the way in which we have worked, in some cases, at full steam, to continuously improve the regulatory framework with respect to the evidence provided by the economy. I hinted at it before but I will say it again: Let us not forget that during the good years, during the period 2000 to 2006, it became difficult for the Commission to intervene and make suggestions because, typically, those interventions were returned on the grounds that things are going okay and there is not much need for them. The job I am describing to the committee and the work we do here is very much a regulatory job of observation of the places where the crisis can emerge. That is why I was pleased to be asked one of the initial questions which was my opinion of where the next crisis will come from. It is a job of monitoring, understanding and adapting the regulatory system to it.