1/7  BIS central bankers' speeches  Such work has progressed in various directions, including not only more effective regulation but also higher capital and liquidity buffers for banks, early warning systems and the development of macroprudential tools to increase resilience to shocks when they occur.
This was evident in the results of the 2018 EU-wide stress tests which show that banks have become more resilient to financial shocks over the past two years. Third, we have also taken bold steps to strengthen the Eurozone.