In this context, EU and national authorities are still following up on a comprehensive action plan for dealing with legacy asset quality issues, adopted by the Council of the European Union. We have published guidance to banks on NPLs, including our supervisory expectations for their prudential provisioning.
We all benefit from the capability, creativity, and productivity of our workforce, because nothing is more important to a healthy and growing economy. Responsible consumers skilled in managing their finances are better prepared to weather bad 1/2  BIS central bankers' speeches  times, and stronger household finances overall can help sustain economic growth and mitigate a downturn.