In the Payments System Board’s view, it is in the public interest that timely progress be made in all three areas. The Board’s preference is that this progress be made by industry participants, without the need for regulation. In the event that this did not occur, the Board would need to consider what steps it might take to promote the public interest.
Secondly, the ongoing digitalisation and development of modern scoring techniques will give a strong boost for increasingly common provision of housing loans through online banking services, also crossborder. Finally, today’s customers are well-prepared for comparing competing loan offers. Housing markets and financial stability Overall, stability in the European credit institutions sector has strengthened as economic and financial developments have gradually improved since the crisis.