On page 97 it reads: “Progress to achieve greater stability has been made.” I can confirm that suggestion. Looking back the last 12 month a lot has been done. Big banks are undergoing deep restructuring. Small and mediums sized banks are adapting to the low interest rate environment, as our LSI-stress test revealed. Public-sector banks are heading for new horizons.
That are good news for a German, even though vulnerabilities and big challenges remain. Thank you very much for your Attention. 5/5  BIS central bankers' speeches