The monetary pillar, which signals medium-term to long-term risks to price stability, also indicates heightened risks to price stability as reported in the latest Monthly Bulletin. This is the case even if one would filter out a certain amount of noise in the statistics such as e.g. portfolio shifts.
That position changed in August 2014 when the Credit Bureau Regulations were gazetted. The Regulations are meant to regulate the operations and conduct of credit bureaus, in order to ensure that credit information sharing is carried out within the confines of the law.