Mr. Vasileios Madouros:

There are societal questions that I will not get into to but in the context of this source of financial intermediation, because this is a source of financial intermediation and like all such sources can entail potential vulnerabilities, if these are material enough, they have the potential, not when times are good but when things go bad, to amplify stresses. When that happens in the context of the commercial property market, and this is why we are taking action, it is also incumbent upon us to ensure these funds are resilient enough to be able to absorb these shocks and not amplify them. I am talking about a segment of the market here, but it is certainly a segment that, certainly from the perspective of the investment fund sector here, has the closest links to the domestic economy. This has important macrofinancial implications.