div class=trans-pagebutton class=gotoPage data-page=1Page 1button div class=trans-imagea href=https:reader043fdocumentsinreader043viewer20220118025b3598d97f8b9a6b548d538ehtml5page1jpg target=_blank img data-url=documentcemla-in-the-lender-of-last-resort-principles-the-risk-budgeting-approachhtmlpage=1 data-page=1 class=trans-thumb lazyload alt=Page 1: cemlaorgcemlaorg2013-10-SystemicRiskRegulatorypdfrefinements In the lender of last resort principles The Risk-Budgeting Approach Systemic-Risk Based Capital Surcharges loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mM8Uw8AAh0BTZud3BwAAAAASUVORK5CYII= data-src=https:reader043fdocumentsinreader043viewer20220118025b3598d97f8b9a6b548d538ehtml5thumbnails1jpg width=140 height=200 adivdivdiv class=trans-pagebutton class=gotoPage data-page=2Page 2button div class=trans-imagea href=https:reader043fdocumentsinreader043viewer20220118025b3598d97f8b9a6b548d538ehtml5page2jpg target=_blank img data-url=documentcemla-in-the-lender-of-last-resort-principles-the-risk-budgeting-approachhtmlpage=2 data-page=2 class=trans-thumb lazyload alt=Page 2: cemlaorgcemlaorg2013-10-SystemicRiskRegulatorypdfrefinements In the lender of last resort principles The Risk-Budgeting Approach Systemic-Risk Based Capital Surcharges loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mM8Uw8AAh0BTZud3BwAAAAASUVORK5CYII= data-src=https:reader043fdocumentsinreader043viewer20220118025b3598d97f8b9a6b548d538ehtml5thumbnails2jpg width=140 height=200 adivdivdiv class=trans-pagebutton class=gotoPage data-page=3Page 3button div class=trans-imagea href=https:reader043fdocumentsinreader043viewer20220118025b3598d97f8b9a6b548d538ehtml5page3jpg target=_blank img data-url=documentcemla-in-the-lender-of-last-resort-principles-the-risk-budgeting-approachhtmlpage=3 data-page=3 class=trans-thumb lazyload alt=Page 3: cemlaorgcemlaorg2013-10-SystemicRiskRegulatorypdfrefinements In the lender of...