These include the influences of the ebb and flow of the global cycle on the domestic cycle. To guard against cyclical risks, we have implemented the counter cyclical capital buffer. And set this at 1 per cent. The buffer aims to promote the sustainable provision of credit to the economy, and can go up as well as down.
The rule requires a bank to notify its primary federal regulator as soon as possible but no later than 36 hours after  3/6  BIS - Central bankers' speeches  the bank determines that an incident requiring notification has occurred.