step towards fair burden sharing. Bank recapitalisation, if necessary, should be done by raising the level of capital so as … nationalisation of mandatory pension funds, which played a crucial role in the accumulation of long-term savings. The regulation of … cooperation between micro and macro-prudential regulation should be ensured in practice and the financial independence of the …

The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting … to improve access to finance united under the roof of the British Business Bank. Further structural reforms are needed to … of the economy and greater financial stability should be achieved by sound regulation, ensuring high capital requirements …

deteriorate further, which could require significant bank recapitalisation. Updated bottom-up (i.e. loan by loan) stress tests are … assumptions should be made public. The creation of the Bank Asset Management Company (BAMC) should allow recognition of problems …