In the Villarejo-BBVA case, reputation doesn’t appear to have had an impact on business or on the bank’s share price. At the ECB we don’t comment on individual banks. This case is in the courts and they are responsible for clarifying the facts. As you say, financial stability and business remain unaffected for the time being.
And given the speed and magnitude of the interest rate increases over the last year, their full effect is still to come. We can also see that the interest rate increases we've undertaken to date are already working. Higher rates are slowing household spending, and inflation is coming down.