BIS central bankers’ speeches  1  we have seen some corporates able to access markets directly on better terms and conditions than financials.
As an illustration of this, even in 2001, at the low point in the interest rate cycle, a relatively high proportion of households in this part of Sydney had high debtservice ratios. 8  BIS Review 49/2009  •  Third, a disproportionately large share of the housing loans in this region was sourced from non-bank lenders.