But, ultimately, resolving the issue of non-performing loans cannot be seen in isolation from an adequate capitalization of banks. In striking a balance between risk-taking by entrepreneurs in the real economy and financial stability, equity finance plays a key role.
It is in these areas too, where there are various initiatives in place or planned, but which often do not get enough attention, that we need to create a positive dynamic of confidence, innovation and investment. That is the upside we need to create. 6  BIS central bankers’ speeches