What is more, the other new capital instruments, which include the countercyclical capital buffer and the additional buffers for the most significant institutions, also need to be backed by CET1 capital. The new rules will help make the banking system more stable as a whole.
The annual rate of change of loans to non-financial corporations (adjusted for loan sales and securitisation) remained negative at –1.8% in September, after –2.0% in August and –2.2% in July. On average over recent months, net redemptions have moderated from the historically high levels recorded a year ago.