Mr. Mario Nava:

The leverage ratio is an indication of Basel, but it is not yet a binding law in Europe. It may be used from 2018. I am sure the committee knows that when we brought this concept of the leverage ratio to the Council and the Parliament, they added a little more, so it became leverage ratios, and then it added leverage ratios depending on the business model. It acknowledged the fact that the leverage ratio may be different depending on the business model. The leverage ratio as a binding law - not as a discussion between supervisor and banks, not as a Pillar II concept but as a binding law - will be there from 2018, and so I cannot anticipate today exactly what it will do.