1. Did the hybrid capital instruments work effectively in the early stages of the crisis from 2007? 2. What you think about the assumption in the Basel accords and EU laws that sovereigns are risk...

1. Did the hybrid capital instruments work effectively in the early stages of the crisis from 2007?

2. What you think about the assumption in the Basel accords and EU laws that sovereigns are risk free?

3. What was the role of complex assets and marking to market/model/magic in the crisis?