To claim otherwise with simplistic comparisons to prior downturns is to ignore both the rapidity and the scale of the policy  BIS Review 83/2010  1  response, as well as the likelihood that the aftershocks from the crisis will persist for years.
Effective penalty mechanism for credit slippage has not been established and all relevant parties in the society are yet to clarify and build consensus on the basic concept, function and development orientation of the social credit system.