Lisa Abramowicz

And European banks in general have been on a tear this year.

And it's been driven by this idea that maybe there will be deregulation and maybe there will be actual fiscal spending to support the region.

Are you seeing any actual tangible signs of deregulation that you think could unleash, whether it's bank mergers, whether it's just more dynamism in the European banking sector?

Is that fiscal spending?

Are you saying that you hope that they increase it more and that you're already seeing stimulative effects from that?

What about businesses?

How much are businesses in Germany moving away from places like China in terms of sources of business?

How much are you seeing those fissures just in the companies that you work with?

Are you seeing any clients trying to shift away from dollar exposure right now?

And this move away from the dollar has been largely in derivatives markets.

I mean, how much has that just been on fire this year in terms of hedging any exposure to the dollar, not necessarily getting out of dollar denominated assets?

How does that affect just whether there will be reforms or not?

How does it affect where you want your footprint to be dominant?

Right.

Do you want to be more in Germany?

Do you want to be more in the United States?

Do you want to expand more in one place or another based on your faith, hope, et cetera, that there will be reform in Europe versus what actually is happening elsewhere?

Are you interested in any acquisitions, or is this going to be a very organic process going forward?

So not interested in any local banks that are nearby that you might bring onto your hood?

There's also a big question here about artificial intelligence and how much it's going to alter the size of the staff, the way of doing business going forward.