The only problem is that when the weather is fair and you feel well, it is all too easy to forget that times may also take a turn for the worse. It is therefore important to take preventive action. If the financial system is not resilient enough, this can amplify an economic downturn.
Banks would then excessively curtail their  3  This quote is attributed to John F. Kennedy. 8 lending precisely when the economy is already running into difficulties. This is precisely what happened around the globe in the last crisis. Defences therefore have to be built up when times are good.