BIS central bankers’ speeches  3  Ladies and gentlemen It is not only in the United Kingdom that the EU is seen as a canvas on which to project the drawbacks of globalisation and migration. Euroscepticism exists in other EU member states, too, and is possibly even strengthened by the fact that Europe breaks its own rules.
Following the March 2011 exercise, we decided that there was no need to revisit this matter on an annual basis, as the banks evidently had plenty of capital for the immediate future, and it was also evident that the great uncertainties surrounding macroeconomic developments and other factors likely to influence the recoverability of loans would not diminish for some time.