I am sure you are aware of the concern about whether consumers have the ability to shop for mortgages and to avoid unfair or deceptive lending arrangements. Taking these concerns and public comments into consideration, the Federal Reserve determined that information on loan prices was critical to gaining insight into the functioning of the higher-cost mortgage market.
And so far, we have been doing quite well. However, the challenges ahead are increasingly complex. Oil price has breached $ and central banks all over the world are concerned about inflation. We do need to exert more effort to be even better. For this, we need to strengthen cooperation within our institution, we need to work closer, to unite as One Dynamic Team!