At the ECB, for example, staff have found that asset purchases tend to compress rather than widen income distribution because of the positive employment effects of lower interest rates, while the effects on wealth inequality are negligible.
Systemically important financial institutions With additional protections for global SIFIs agreed, work is now under way to extend extra resiliency requirements to banks that are not globally systemic but are systemic at the national or domestic level. This includes developing an appropriate methodology for identifying domestic SIFIs, and outlining prudential measures to mitigate the risks they pose.