We find it important for us, as an issuer of government bonds, to be present in this market and help to set a standard. In addition, it has been important for us to issue a green bond based on the EU taxonomy, as we believe that a single European standard for what is green is a prerequisite for creating the necessary transparency.
The cost is that by not being able to extend bank loans on part of its deposits, economic activity is compromised. Bank Capital Another idea is that a bank need not fund its extension of bank loans only with deposits in its liability structure. It can also raise some other forms of non-demandable liabilities.