The post-crisis situation has quite naturally fuelled the accumulation of household debt, as well as heightened activity in the housing sector. We can observe other elements of risky financial behaviour, but these two vulnerabilities have been our main focus for some time and have continued to grow in importance since our last FSR.
Improvements in policy discipline, information sharing, and institutional structure should all be evaluated by the litmus test of whether they enhance the flow of information to, and reduce bureaucratic interference with, markets and thus provide a safer and more stable global financial and economic environment. 5  BIS Review 25/1999