This is less  BIS central bankers’ speeches  1  directly to do with improving asset quality but is rather an exercise in reducing the leverage of the banking system and therefore the reliance of the banks on central bank funding.
This process of rightsizing the bank’s balance sheets has made good progress with most banks hitting or exceeding their targets, but there is still further to go. In addition to balance sheet restructuring, there have been some broader steps to restructure the banking system as a whole.