Proportionality is not intended to make it easier for small institutions to use highly complex procedures and adopt risky business strategies as a result of being shown leniency. With that in mind, I would like to provide you with an example that applies to many institutions.
As a result, the required reserve ratio has been reduced to 6%, and in the future will be targeted to gradually reach the 2% level currently set by the European Central Bank. •  Second: Open market operations.