Thus, we have tools at our disposal that allow us to step in early and send warning signals to the banks. This is known as early intervention. However, the relevant tools are the same as some of our standard tools. And this overlap might prevent us from using early intervention tools.
The reason is that we are bound to use the least intrusive tool, which is always the standard one. This is particularly relevant should the market authorities demand that the bank disclose whether early intervention tools have been deployed. So, the overlap between early intervention tools and standard tools should be removed.