BIS Review 138/2007  2000 of  list  (http://www.forbes.com/lists/2007/18/biz_07forbes2000_The-Global-  billionaires  (http://www.forbes.com/lists/2007/10/07billionaires_The-Worlds-  3  If history is any guide, these developments are unsurprising. It suffices to recall how significant India’s weight in the world economy was two millennia ago, when the Middle Kingdoms were ruling in India and the Roman empire was ruling in Europe and North Africa.
Third, the CCyB is a simple, predictable, and slow-moving tool that applies equally across all large banks. It does not single out shortfalls in particular banks or result in volatility in individual banks’ stressed capital requirements. Finally, the additional capital can be released when conditions deteriorate to ensure the ability of large banks to lend into a downturn.