In addition, guidelines have been issued for unhedged foreign currency exposures of corporates, measures announced for restructuring of advances by banks and financial institutions, guidelines issued on liquidity risk management and banks’ exposures to group entities. The oversight of banks is strengthened with the introduced of Risk Based Supervision (RBS) process, beginning April 2013.
And the flooding in British Columbia is likely to temporarily weigh on growth in the fourth quarter. However, in terms of supply constraints and inflation dynamics, the picture remains mixed. While there are early signs that some supply constraints are easing, such as for semiconductors, most constraints remain largely unresolved.