set a few targets that would operate as a common basis, a common platform. many elements are there already. common prospectus. standardized documents. but they need to go a little bit further. i think it's particularly the case given what's happening on the other side of the channel. the fact that brexit is going to happen. whatever the transition period, whatever the terms afterwards. some of the financing activity will move to the continent. i think it's important that the euroarea be joined, properly operated capital market union. banking union might take more time. i think that there is one component where i believe the members are almost there. and that is this common fiscal backstop in case of bank resolution which would be welcomed. if bank falls then the backstop has to be able to operate, if needed. it's going to be a bit more gradual, i hope it will happen is on this issue of the common insurance --common fossit