BIS central bankers’ speeches  1  Banks have already responded to the announcement of the ECB comprehensive assessment and strengthened their balance sheets by over € billion prior to the completion of the exercise. This includes € billion of capital raised by two Cypriot banks.
4 At that time, South Africa was under international pressure from the anti-apartheid movement and was the target  of financial sanctions. 5 ADemirguc-Kunt et al (2015), The global findex database 2014: measuring financial inclusion around the world,  World Bank Group Policy Research Working Paper, No 7255. 4/4  BIS central bankers' speeches