BIS central bankers’ speeches  3  From that viewpoint, the results of various analyses are set out in the Financial System Report. As an example, let me introduce the Financial Activity Indexes (FAIXs) (Chart 3). The Bank began their compilation in 2012. The FAIXs aim to detect, as early as possible, overheating in financial activity that could lead to systemic risk.
They are a selection of 14 financial indicators, such as the total credit-to-GDP ratio and the land prices to GDP ratio, and measure how far individual indicators deviate from their historical trends.