Such a programme should be implemented rapidly and in a broad way, to convince market participants that indeed no bank will fail and that it is again safe to buy bank shares and bonds. This will create a virtuous circle of confidence in the markets that will spread to the rest of the economy.
2  BIS Review 148/2008  Given the current market stress, the capital injection of the banking system must be abundant and generalised. The private sector alone cannot do the job properly. Previous capital increases have been insufficient and entailed losses, which discourages new potential investors.