While these adjustments can be challenging in the short term, in the long term they increase the banking sector’s resilience to adverse shocks, reducing the likelihood of costly financial crises. In fact, the euro area banking system already complies with the new requirements for high-quality capital and liquidity buffers.
Finally, you are the future captains of industry and I exhort you to be transformational leaders and be the catalysts who will lead your teams and organizations to greater heights. I wish the Seminar all success and compliment the MFM students for choosing a theme which is so relevant today. Thank you  4  BIS central bankers’ speeches