21  See Board of Governors of the Federal Reserve System (2012), “Transcript of Chairman Bernanke’s Press Conference, December 12, 2012 (PDF),”. 22  See Board of Governors, “Federal Reserve Issues FOMC Statement,” September 13, 2012, in note 19. 23  See Board of Governors of the Federal Reserve System (2013), “Federal Reserve Issues FOMC Statement,” press release, December 18.
1/3  BIS central bankers' speeches  Banks have ample capacity to absorb shocks, with capitalization remaining well beyond the minimum regulatory requirements. Banks also enjoy more-than-enough liquidity. Meanwhile, bank lending has recovered on improving demand for loans. Banks have also remained profitable throughout the crisis.