It should not seek to control housing or financial cycles. It should seek to build resilience to these cycles while at the same time lean against the extremities of those cycles. Third, to improve transparency and understanding, macro-prudential policy should have a wellunderstood and systematic framework for policy adjustments that is fully consistent with the underlying prudential framework.
Finally, allow me to remind you of another topical issue in the European environment that we are striving to join, which can be used to exemplify how technology can bring on a change even to the regulatory systems within our region.