Stronger capital requirements increase bank costs, and at least some of those costs are passed along to bank customers. But in the longer term, stronger prudential requirements for large banking firms will produce more sustainable credit availability and economic growth.
The monetary policy measures taken today, including TLTRO III, will help to safeguard favourable 2/3  BIS central bankers' speeches  bank lending conditions and will continue to support access to financing, in particular for small and medium-sized enterprises.