In fact, on average, all proposed deviations together would more than halve the effect of the introduction of the output floor on banks' required regulatory capital, and even lower the required regulatory capital for some banks compared to the status quo. It is of particular concern that in some of the proposals these deviations are even suggested to be made permanent.
•  US financial market developments  Perhaps the most widely debated topic within financial markets over the last weeks centers around the effects of the fiscal package passed by the Biden administration. As a result, market participants have taken into account the possibility of a high inflation scenario once again.