Mr. Peter Nyberg:

The message that the commission picked up from various sources was that the banks, as well as the supervisor in the Central Bank, felt that the issue of the banks' business model - that is, what the banks were concentrating on and how they were doing things - was something that was only the banks' business. It was not something that the authorities were supposed to have a view on.

The authorities were supposed to just make sure that the risk management - for instance, the risk management committees and procedures within the banks - was okay so that the banks were able to handle the risk that came from their business in a professional and sufficient manner. That was the business of the authorities, and choosing what the banks concentrated on and how they otherwise handled the business that was there.