Article 45l 2.

financial markets in general and markets for unsecured debt and derivatives in particular;

business models and balance sheet structures of institutions, in particular the funding profile and funding strategy of institutions, and the legal and operational structure of groups;

the profitability of institutions, in particular their cost of funding;

the migration of exposures to entities which are not subject to prudential supervision;

financial innovation;

the prevalence of own funds instruments and subordinated eligible instruments and their nature and marketability;

the risk-taking behaviour of institutions or entities referred to in points (b), (c) and (d) of Article 1(1);

the level of asset encumbrance of institutions or entities referred to in points (b), (c) and (d) of Article 1(1);

the actions taken by institutions or entities referred to in points (b), (c) and (d) of Article 1(1) to comply with the minimum requirement, and in particular the extent to which the minimum requirement has been met by asset deleveraging, long-term debt issue and capital raising; and

the level of lending by credit institutions, with a particular focus on lending to micro, small and medium-sized enterprises, local authorities, regional governments and public sector entities and on trade financing, including lending under official export credit insurance schemes;