•  Act as lender of last resort to the banking system based on the traditional role of central bank refinancing, do not confuse this with LOLR to governments or inappropriate fine-tuning of financial markets. •  Support functioning monetary transmission mechanism (via banks and markets), do not guarantee uniform financing conditions or suppress fundamentally justified risk premia.
We've previously seen some imaginative calculations of what the output floor will cost in Denmark's GDP accounts. Let me first stress that capital is not an expense. It's a source of funding of a bank's activities that can cushion a bank before the crisis hits.