Through our direct participation in the Standing Committee for Vulnerabilities Assessment, we are working towards opening private sector access to credit, policy sustainability and strategies for exiting the crisis. Also, we take part in the Basel Committee on Banking Supervision, where we have proposed concrete steps towards liquidity management and the regulatory treatment of currency mismatches.
https://www.bundesbank.de/en/press/speeches/consistency-as-a-mandate-816296  4/9  11/29/2019  Consistency as a mandate | Deutsche Bundesbank  All things considered, the German ﬁnancial system has become more vulnerable to a scenario in which the economy experiences an unexpected downturn rather than simply treading water for a time, as is the case now.