However, credit extension by the Bank is aimed solely at providing temporary liquidity, and not at making up for losses. Therefore, it is required that a loss-covering scheme be in place before swift repayment of deposits can be made and resolution of the failed institution be carried out smoothly.
One can only address problems with well-defined, targeted measures. Which measure is appropriate very much depends on the concrete circumstances. Acting just for the sake of acting makes no sense. In any case, it would be necessary to ensure that, with respect to our risk management framework, we do have the necessary protection.