Sharing both understanding and open questions, being able to work together in the future and take action jointly, all these will be ever more vital when our common field of work is transformed in so many ways. I wish you a successful seminar. 3/3  BIS central bankers' speeches
Banks were better capitalized and had sufficient buffers to continue their lending to the real economy. As a result, the financial sector was able to absorb, rather than amplify the external shock. More recently, we were confronted with the invasion of Ukraine. This is of course predominantly a humanitarian crisis, but also has profound economic and financial effects.