Such limits have been common in Asia, and more recently gained prominence in Europe. For example, Norway and Sweden introduced limits on LTV ratios of 85 per cent for new residential mortgage lending, while in 2014 the UK introduced an LTI cap of 4.5 times new lending.
But I have no doubt that this opportunity to continue progress will be seized and that together we will reap the benefits of sustainable economic convergence and lasting regional integration. Thank you for your attention. BIS central bankers’ speeches  5