I will highlight just two of many relevant issues: In general, banks now hold more and better-quality capital than in the past.
The fully-loaded CET1 ratio of significant institutions was 13.8% in the second quarter of this year, up by 2.6 percentage points compared with the last quarter of 20141 We have also made significant progress with something that each and every supervisor is concerned with: non-performing loans, or NPLs. Banks are holding significantly lower levels of NPLs on their balance sheets.