This need not mean rigidity and uniformity.

Perhaps the best - founded criticism referred to the rigidity of the rules.

We are, however, in a position of constraint.

The process of constraint is, therefore, far from over.

There is no question whatever of constraint, at any stage.

There is no question at all of constraint, quite the reverse.

However, it is difficult to carry out any reform precisely because of this inflexibility.

Inflexibility and lack of adaptability are damaging the competitiveness of our financial institutions.