BIS central bankers’ speeches  1  It will be crucial for Greece to implement reforms aimed at creating a competitive economic structure and a more efficient public administration, and for the country’s public finances to be consolidated in a sustainable manner.
Further to those findings, as a result of the additional scrutiny over the past year and substantial data revisions made by the banks, we now know that the level of investor activity in the housing market was in fact higher than previously thought. As you know, APRA announced a number of supervisory measures in December last year to strengthen mortgage lending standards.