I expect to both contribute to and learn from ongoing discussions on these issues. 8  BIS central bankers’ speeches
It is in the household sector that balance sheets are probably becoming most extended, after seven or eight years of strong borrowing, but international creditors are protected from potential bad debt problems in that sector by the fact that the foreign capital which has, in effect, been lent to ordinary household borrowers has been channelled through the banking system, and, as indicated, our banks are in robust condition.