4/6  BIS central bankers' speeches  Another lesson regards the debate that has intensified in the aftermath of the sovereign debt crisis about the so-called “bank-sovereign nexus” (or “doom loop”). Some have proposed that the prudential treatment of banks’ sovereign exposures be made more restrictive.
One could say that the signing of the Memorandum on this particular day is just a coincidence, but I say that this is a blessing and a destiny that we are shaping for ourselves. BIS central bankers’ speeches  1  Thank you for your attention. I now give the floor to Professor Boričić. 2  BIS central bankers’ speeches