But it is important to also see its potential ramifications for growth. By lifting  2  2  Putnam, Robert (1988). “Diplomacy and Domestic Politics: The Logic of Two-Level Games”. International Organization 42: 427–460. BIS central bankers’ speeches  the veil of uncertainty surrounding banks’ balance sheets, the comprehensive assessment has helped to make the banking sector more stable.
And I am quite confident that, prospectively, this will improve banks’ ability and willingness to finance the real economy. Additionally, a functioning bank resolution regime with a credible bail-in of shareholders and creditors strengthens incentives for banks to carefully select and monitor the firms they lend money to. This ensures that capital will be put to its most effective use.