Mindful of the potential build-up of systemic vulnerabilities, we have also deployed and continue to develop various macroprudential measures. Currently, we have exposure drafts on the countercyclical capital buffer, the debt-to-earnings borrowers test (DEBT) that is akin to the existing real estate stress test (REST), and the borrowers interconnectedness index. Furthermore, we continue to enhance our surveillance tools.
We are also exploring new technologies such as big data analytics to further improve our surveillance. Finally, we are reinforcing our model-based assessments with qualitative and expert judgments on current macroeconomic and financial conditions. Other game-changing financial sector reforms Part of our transformative policy reform agenda is to accelerate financial market development.