The LTV is intended to mitigate financial system instability emanating from rapid credit growth in consumptive sectors, particularly in housing and automotive. To mitigate regulatory arbitrage, in near future we will release LTV and DP applied for Islamic banks and Islamic unit of conventional banks. 58.
In the wake of this process, the domestic markets for goods and services, as well as the labour markets, are becoming more and more interlinked and interdependent internationally. The process of globalisation has been evolving among developed countries for many decades now. Therefore, in contrast to what some observers might think, the current process of globalisation per se is neither new nor particularly unique.