In the longer term, bank regulation and supervision will need to be – and are being – strengthened to restore stability. Yet  BIS Review 119/2009  1  another qualification regarding the policy actions on deposit insurance during the crisis, is that they were not always well co-ordinated across borders.
These will reduce the possibility that prices are further driven up simply through higher leverage and, more broadly, support the long-term stability of the Canadian housing market.   While these measures will help moderate the pace of debt accumulation by households, it will take some time for their full effect to be felt.