Moreover, in none of those previous upswings was monetary policy, measured by real EONIA rates, as supportive as it is now. 4  BIS central bankers’ speeches  Third, the recovery remains very protracted in historical perspective.
We are keen to maintain the quality of intake as once the quality is compromised then the model which I am proposing will become dysfunctional. The structural reforms in the banking industry have brought about some unintended consequences that are creating serious pressures on the future growth of the industry.