The banks would, therefore be well advised to ensure that their business strategies and decisions are guided by the longer-term perspective of the systemic and macroeconomic developments and are not unduly influenced by the current episode of the exceptional events.
Since the banks would have a key role in successfully countering the adverse impact of the recent developments, their continued safety & soundness and financial health would be of utmost importance – for the banks, for their customers as well as for the public policy authorities from a systemic perspective.