As a result, there will be no change in loan-to-income (LTI) and loan-tovalue (LTV) limits or the allowances for 2020. We did look at a number of options for managing allowances. In some cases alternatives would have ended up with a less operationally flexible regime than is currently in place.
In short, we have not found a way that is more flexible than the existing regime, while at the same time meeting the objectives of the measures. Our macroprudential policies are broader than the mortgage measures. First, the Countercyclical Capital Buffer (CCyB) aims to strengthen the resilience of the banking sector to a future downturn.