3.2  Sustainable crisis resolution  But what fiscal and economic policy action is needed to achieve a lasting solution to the current crisis and to prevent future crises? In my view, three conditions have to be met. BIS central bankers’ speeches  3  1.
The duties of information were made stronger; upper limits were established for the annual percentage rate of charge (APRC) and the nominal interest rate in consumer credit agreements; the duty of assessing creditworthiness was strengthened; the consumer assistance obligation was created; certain banking fees were banned or limited, and, where associated to payment accounts, became more comparable, above all after the format given to the fee comparator launched on 1 October; a system was created for preventing and managing arrears situations, to mention just a few examples.