For example, most network industries are now fully or largely open to competition, in particular those in telecommunications and air transport and to a lesser extent in energy markets.
Banks still remain sufficiently shock-resistant and have been able to keep lending.   But this is a period of calm before the storm for banks. Relatively few firms and households have encountered financial difficulties so far, but this will doubtless change. Particularly if the support measures are wound down. Banks are well aware of this.