It is, however, absolutely essential for the sustained growth of the economy together with price stability. As I draw close to the end of my remarks, let me touch on some directions for further development in Korea to heighten the stability of the financial system, which is the common goal of both micro- and macro-prudential surveillance.
In the event of an actual deleveraging by a bank as a result of a SREP decision, lending activities would often not be hit as it would be logical for the bank to first reduce its non-core business.