Message: Return type of CI_Session_files_driver::open($save_path, $name) should either be compatible with SessionHandlerInterface::open(string $path, string $name): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
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Germany’s Financial Stability Board suggested the introduction of a countercyclical capital buffer of 0.25% for banks to ensure lending should there be a sustained downturn in Europe’s largest economy, the Finance Ministry said on Monday. The step is meant as a precaution as regulators currently see “no concrete signs of acute risks for financial stability” in Germany, Deputy Finance Minister Joerg Kukies told a news conference in Berlin. Felix Hufeld, the president of Germany’s banking watchdog BaFin, said banks are given a 12-months time frame to implement the countercyclical capital buffer, starting from July 1.
The step means that the German banking sector as a whole will have to hold back an additional sum of 5.3 billion euros ($5.93 billion) for lending purposes in case of an economic downturn, Hufeld added.
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