The global regulatory agenda, steered by the G-20, has made the sector considerably more robust in terms of capital, leverage, funding and risk-taking. Common Equity Tier 1 ratios in the euro area have improved substantially, rising from less than 7% for significant banking groups in 2008 to more than 14% today. Leverage ratios are now close to 4% for large banks.
The Liquidity Coverage Ratio was implemented last year, and most euro area banks are already complying 1/4  BIS central bankers' speeches  with the Net Stable Funding Ratio ahead of its implementation in 2018.