The policy statement details the range of financial-system 3/5  BIS central bankers' speeches  vulnerabilities and other factors the Board may take into account as it evaluates settings for the buffer, including but not limited to, leverage in the financial sector, leverage in the nonfinancial sector, maturity and liquidity transformation in the financial sector, and asset valuation pressures.
Right now, our policy is to maintain a 0 percent CCyB when vulnerabilities are within the normal range, as they happen to be now. When we determine that vulnerabilities have risen to be meaningfully above normal, the purpose of the CCyB is to increase capital to a level that compensates for those other rising vulnearbilities and thus reduces risks back to a normal level.