outside economists and i do think that you will see meaningful changes in suggestion that governor cirillo made that banks that are subject to this might be left out of the qualitative portions of c car. still a stress test would be applied but the all qualitative part that really true capital planning that they might be exempted from that. i think that's very likely. we will look at other changes as well that as you said are designed to appropriately tailor it so that its impact is most significant for the largest and most systemic firms. it will be very meaningful to review and i believe we will be proceeding on it shortly. >> my last observation has to do with the big referendum in the united kingdom onto whether to stay into the european union or start leaving. what is the real implication or can you tell at this point if the british were to leave the common market, could there be implications for the common market and for britain? >> it is a very important relationship that would be significant for the united kingdom and for europe as a whole. i think it would usher in a period of unc

outside economists and i do think that you will see meaningful changes in suggestion that governor cirillo made that banks that are subject to this might be left out of the qualitative portions of c car. still a stress test would be applied but the all qualitative part that really true capital planning that they might be exempted from that. i think that's very likely. we will look at other changes as well that as you said are designed to appropriately tailor it so that its impact is most significant for the largest and most systemic firms. it will be very meaningful to review and i believe we will be proceeding on it shortly. >> my last observation has to do with the big referendum in the united kingdom onto whether to stay into the european union or start leaving. what is the real implication or can you tell at this point if the british were to leave the common market, could there be implications for the common market and for britain? >> it is a very important relationship that would be significant for the united kingdom and for europe as a whole. i think it would usher in a period of unc