Does this mean there is likely to be another meeting with the bank CEOs to have them sign more papers to make someone happy? Might be a good thing the money is being held instead of released. Difficult to say until the banks release it (the money). Then, since we are in uncharted territory there will be lessons learned (imho).
Leading standards have certainly come down over the past few years so that helps. The bigger issue is that businesses aren’t looking to borrow as much. And as you mention it’s not a bad thing that the banks are keeping it in reserve. That could help another liquidity crisis like 2008. I know bank fractional reserve minimums were increased after 2008 as well on order to do just that.