I will touch on a few of these that the CGFS report discusses. The first is that the extensive use of unconventional monetary tools can change the incentives of others in the system, perhaps in an unhelpful way.
On the banks, the EU-IMF team have, in effect, endorsed the approach already being adopted, albeit calling for quicker action. What is that strategy? (i)  Improve in a convincing way information on the quality of the banks’ loan books and hence on the adequacy of their capital.