We are writing as a follow up to the roundtable with you and representatives of major Germanbanks in our office premises in Eschborn/Frankfurt/Main on 24 February 2010.The goal of the deferred tax asset (“DTA”) roundtable was to commence an open dialoguebetween the German regulators, the German banks and Ernst & Young regarding the mostappropriate regulatory treatment of DTAs.Since the regulatory treatment of DTAs is highly important not only for German financialinstitutions but also for financial institutions in other European countries, we as Ernst & Youngintend to initiate similar roundtables in Paris, Zurich, Amsterdam and London among others.That way, we expect to receive an overview of the concerns of the financial institutions inGermany and abroad as well as various suggestions regarding the future regulatory treatment ofDTAs.
