This conclusion would  BIS Review 87/2009  11  apply a fortiori to the extent that policy should have reacted to rising equity and house prices and to the associated risks to financial stability, given that these were not adequately being offset by regulatory policies and macro-prudential supervision.
The regulatory relief measures include, among others, the extension of the effectivity of the 30 percent single borrower’s limit (SBL), non-imposition of sanctions for SBL breach by foreign bank branches subject to a ceiling, reduction of credit risk weight for performing loans to micro, small and medium enterprises, and reduction of the MLR of stand-alone thrift, rural and cooperative banks, until end-December 2022.