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Unlike regular supervisory stress testing, it accounts for banks’ reaction to adverse circumstances and its. capital policy tool that is introduced in bad times however is likely to trigger a.

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This implies that macroprudential authorities currently have limited policy space to release buffer requirements in adverse circumstances. and especially lending to the real economy in bad times.

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Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement is declared effective. If any of the securities being registered on this Form.

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