Now, although that is less than many analysts think is needed, it is still a fair chunk of change, equivalent to around 6% of Spanish economic output or GDP.
For banks, what's been concluded is the equivalent of a climate-change deal: an attempt to reverse potentially lethal global warming in the financial sector.
Barring a radical change in the technological playing field, there will never be an effective cyber equivalent of the International Atomic Energy Agency despite all the aspirations of organizations like the International Telecommunications Union to serve such a function.