Ethical culture—customers have perceived the high profitability of banks as exploitative given the high cost of credit, and banks should place greater emphasis on longer-term environmental, social, and governance issues.
To increase the probability that the buffer has been built up before a period of financial stress occurs, it must be built up in good times like the present – while it is easy to do so. The Systemic Risk Council can submit a recommendation to change the buffer rate to the Minister for Industry, Business and Financial Affairs.