This is a positive step insofar as it brings governance closer to the coal face; however, there are also concerns that these actions, if not undertaken properly, can weaken the enforcement institutions by creating a false sense security, and achieve little more than increasing salaries for compliance officers.
Such a conviction could lull financial institutions into believing that all severe episodes will be handled by their central bank and hence that their own risk-management systems need not be relied upon. Thus, overreliance on public policy could lead to destabilizing behavior by market participants that would not otherwise be observed - what economists call moral hazard.