Therefore, for example, the Council in its work has had to take property taxation as given, even though inappropriately designed property taxation may foster the buildup of house price bubbles that together with loose credit standards may lead to systemic risks.
Endnotes [*]  I would like to thank my colleagues in Payments Policy Department for assistance in the preparation of this talk. [1]  The Government's Trusted Digital Identity Framework and the private-sector Trust ID framework. [2]  For more details, see <https://www.fsb.org/2020/10/enhancing-cross-border-payments-stage-3-roadmap/>.