This is all the more the case given that there will be the transition period before the new requirements enter fully into force, which will give banks sufficient time to strengthen their capital base.
Conclusions  In the years ahead, policy makers across the world will do their best to avoid a repetition of the financial crisis that started in 2007. In doing so, much attention will be paid to strengthening the macro prudential framework. There is much to be done. More work is needed on developing indicators for financial stability analysis.