At the same time, it raises a number of questions. What is now so different compared with the stressful periods that banks experienced in the past and what factors have contributed to this resilience? A turbulent period for EU banks But before addressing these issues, let me start by briefly recalling how challenging the environment has actually been for EU banks over recent years.
In addition, the Board, in partnership with other members of the Federal Reserve System, is engaged in a wide range of analysis and research using rich and timely data on households’ use of consumer credit.