In this situation, the Bank decided in December 2020 to extend the duration of the Special Program by six months until the end of September 2021 in order to continue to support corporate financing. While closely monitoring the impact of COVID-19, it will consider a further extension of the Special Program and take additional easing measures if necessary. B.
It must be based on a clear definition of capital that needs to be transparent and it must be global to ensure competitive equality. The Basel Committee already has a strong foundation for such a definition, namely common equity and reserves.