Moreover, while LIBOR is published based on the rate at 11:00 a.m. London time, in the future, alternative benchmarks of each currency would be published in each jurisdiction, which will have a certain impact on transaction practices because of factors such as differences in the publication times of each benchmark. In any case, it is necessary to examine market practices, including those issues.
The quality of capital has gone up as well: the high-loss absorbing component – CET1 – now makes up the largest share of total capital of euro area banks. 1/4  BIS central bankers' speeches  Specific weaknesses are also now being addressed in their entirety across the euro area. Currently the most important issue here is tackling non-performing loans (NPLs).