This is most evident in private consumption, which has remained robust even 1/8  BIS central bankers' speeches  as oil prices have risen by about 30 dollars since the start of 2016. Consumption is being supported by a virtuous circle between rising labour income and rising employment.
Having said this, banks must make sure that appropriate risk management systems are in place to guard against potential credit and liquidity risks, among others. There should be no room for complacency insofar as risk management is concerned. I believe BAIPHIL’s training programs on risk management will go a long way in addressing this need.