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Which is true about the countercyclical conservation buffer?
A
The countercyclical buffer is primarily a micro-prudential measure
B
The countercyclical buffer can only be zero (0%) during the phase-in period, as eventually it achieves a constant of 2.5% regardless of environment
C
Its primary goal is to avoid destabilizing losses subsequent to a period of excess credit growth
D
A bank will be required to maintain this buffer if the bank falls under a jurisdiction identified and designated by the Basel Committee
