These actions, the results of which have been published, have improved banks’ practices and standards; they have helped to reverse the declining trend in coverage ratios, increase transparency and assuage investors’ concerns. Thus, they relied on micro tools but were macro in spirit.
These processes will have to be adapted in the light of the radical institutional changes being introduced both at the national level (establishing a new MAP authority) and at the international level (MIP and MAP coordination and burden-sharing between national authorities and ESRB, EBA, SSM).