Furthermore the BIS central banks are today signalling their commitment by announcing that they themselves will follow the Code, and that they expect that their counterparties will do so too. 2  BIS central bankers’ speeches
It is important for future financial stability that you do not weaken credit standards to a too low level. Some local banks have performed well during the crisis, but many still have a low return on equity and high costs. For local banks, the underlying structural migration to the cities is a particular challenge.