2  BIS central bankers’ speeches  For example, in Finland the market conditions in the metropolitan areas are diverging from the conditions prevailing in areas where the population is diminishing. The largest housing loans are concentrated in the biggest cities and growth centres (slide 30). In these centres, house prices are also highest (slides 31). Is there a need for public intervention?
These allow banks to increase their efficiency and lower costs, enabling them to reach markets which are otherwise not economically feasible to serve. Regulations also reduce the barriers for the poor to transact with banks. Aside from the expansion of possible financial service access points, we have also expanded the range of acceptable IDs that may be used to open a bank account.