And in particular, there has been no reduction in the aggregate supply of credit to the real economy. • There are still gaps that need to be addressed. Some obstacles to resolvability remain, and there are gaps in information available to market participants and to public authorities.
In these remarks, I would like to focus upon the implications of the too-big-to-fail reforms on global banking. 2 The capacity of globally active banks to absorb shocks has increased Two reforms within the scope of the evaluation are intended to increase the capacity of G‐SIBs to absorb losses, both as a going concern and in resolution.