The report says that now that the central banks have been too slow to act, continued tightening of monetary policy could harm the economy and could, to quote, “have negative effects on global growth and employment”. Will the ECB do as the BIS suggests and give, to quote, “a more measured monetary response”?
•  A common SSM Risk Assessment System is being developed, relying on an integrated and harmonized information base. •  The System will be used for assessing the capital and liquidity needs of banks and also to direct supervisory resources (e.g. inspections planning) on the basis of the risk- and impact assessment.