As a result, after the crisis, macro-prudential regulation has been implemented in several countries to constrain FX lending (in Hungary FX base mortgage lending is already legally prohibited), and it is also true that observed exchange rate volatility also induced a reassessment of risk associated with FX lending.
It may even have to be scaled up to buffer the effect of the renewed containment measures. Timely and correct use of the Next Generation EU Recovery Package can and will play an important role in this respect as well.