We think that it could be an excellent form of public service and of helping people to help themselves. I would like to extend an invitation to the NGOs to work with us to reach the many groups that can benefit from financial education so that they in turn can help themselves.
In so doing, we believe the restrictions are mitigating the systemic risk of a housing market downturn that becomes more likely as house prices and debt levels become more stretched. We also believe that the LVR restrictions have helped to make banks’ balance sheets more resilient to any adverse housing market shock. I will come back to the LVRs shortly. 5.