This underlines the necessity of developing the macroprudential framework beyond banking. Developing the macroprudential framework beyond banking Let me elaborate on three important aspects of this task. First, we need to develop a framework to better control the leverage of alternative investment funds in the European Union.
Ensure credit keeps flowing to the real economy. Make use of the available headroom to do so. Make sure capitalization remains at prudent levels. And very important: keep a keen eye to risks and asset quality. Now this may sound like the basics of banking. But I recognize it is hard to stick to the basics in these increasingly challenging circumstances.