4  BIS central bankers’ speeches  Credit growth in Australia, while slow relative to recent Australian history, has outstripped that in the other three regions (Graph 5).
In any event the issue is whether additional risk requires additional safeguards and this is something we are examining. Having said that, borrowers too need to accept the fact that their requirements cannot be met by a few banks or banking system and they will have to explore syndicated structures and corporate bond issuances for their large project requirements.