Establishment of the framework for the “stimulating bank lending facility” From the perspective of boosting the second stage of the transmission mechanism of monetary easing, the Bank in 2010 introduced the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth (I called it the Growth Foundation Strengthening Facility or GFSF in my previous speeches) in order to make its utmost contribution as the central bank.
We ultimately need final decisions on supervisory assessments, before any such outcome of a prudential exercise becomes binding. As you know, this will not be done until the end of the process. This leads me to the broader issue of disclosure of the comprehensive assessment results.