And this brings me to my third reflection in the aftermath of SVB – or rather a few questions that might serve as food for thought. For starters, we need to make sure that our policies are up to date – and I mean that quite literally. Are our policies in sync with today's society?
Usually, however, resilient banks have specific characteristics that set them apart from other banks. In my remarks today I would like to discuss three of these characteristics – three pillars on which resilient banks rest. 2.1  Capital and liquidity buffers  Capital and liquidity buffers should be regarded as the centre pillar. Capital provides a cushion to absorb losses during times of stress.