Yet it should be noted that the practical implementation of these theoretically advisable ideas involves some difficulties as does, incidentally, formulating anticyclical capital requirements. However, this must not lead to the issue being ignored, as the potential opportunity costs to society would be too grave.
These steps were aimed at restoring financial market functioning and the flow of credit, and at ensuring that our banks have the capital and the liquidity necessary to discharge their critical function even in an acute economic downturn. Before going into detail, allow me to say that the crisis has brought out the best in terms of international cooperation.