Fixed caps on these ratios, applied in many countries, are certainly useful. But ideally, the macroprudential authorities should have powers to adjust these ratios, if necessary, in a counter-cyclical fashion. Of course, that will be challenging: a discretionary use of borrower-based instruments is politically highly sensitive, which may lead to an inaction bias.
Some of the recent initiatives in this direction include; acquisition of a Web Content Management System with broad functionalities to enhance interactivity and navigation; participation in public education initiatives and awareness campaigns through involvement in trade fares such as ASK Shows; improvement in the quality of Central Bank publications; and improved mechanisms for handling media & public inquiries.