[24] ,[25] Recent research by ECB staff suggests that our unconventional monetary policy measures, particularly the credit easing programmes, have played a role in supporting cross-border lending by euro area banks. [26] In response to the ECB’s accommodative monetary policy, euro area banks operating internationally have reallocated funds abroad within their respective banking organisations.
Consumer testing can also reveal those instances in which disclosures are unable to convey adequate information to facilitate consumer choice and help highlight those areas where rules are warranted to safeguard consumers and to prevent unfair and deceptive practices.