On our part, the Bank of Japan will continue to check and monitor the credit risk management systems at financial institutions on the off-site basis and also during the on-site examination in a more risk-focused, seamless and flexible manner, taking individual institutions’ circumstances into consideration.
The origin and purpose of the ESCB Macroprudential Research Network (MaRs)  As you know, MaRs is a research initiative involving central banks from the whole European Union, i.e. from the European System of Central Banks.