12 A similar logic applies to a bank whose net interest margins are under pressure because low rates erode the profitability of its deposit-taking franchise. 9  See Kacperczyk and Schnabl (2012).
Moreover, it will help to identify the appropriate tools and approaches to this end. I look forward to an exciting discussion and a very fruitful exchange of views. The overwhelming interest of market participants, from Greece and abroad, to join this workshop is, I think, a key ingredient for its success. Thank you again for being here today. 2  BIS central bankers’ speeches