11 See, e.g., 12 CFR §1005.1(b); appendix C to 12 CFR part 1005, comment 2(m)-2 (“If a consumer furnishes an access device and grants authority to make transfers to a person (such as a family member or co-worker) who exceeds the authority given, the consumer is fully liable for the transfers unless the consumer has notified the financial institution that transfers by that person are no longer authorized.”); Division of Banking Supervision and Regulation and Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, “Guidance on Managing Outsourcing Risk,” https://www.federalreserve.gov/bankinforeg/srletters/sr1319a1.pdf, December 5, 2013.
In this respect, the challenge remains for banks to adjust the size and structure of their balance sheets while ensuring the availability of credit to the non-financial sector. To address this challenge, banks should use the improved funding conditions to strengthen their capital bases further and, where necessary, take full advantage of government support measures for recapitalisation.