The situation today (autumn 2017) Traditionally, the most important areas in relation to economic imbalances are the housing market, the labour market and growth in lending by financial institutions. The housing market has now been picking up for some years, but except for the market for owner-occupied flats it has not overheated – yet.
In addition, the Bank is working towards developing a macro stress-testing framework, especially for credit risk. Let me now move on to discuss issues related to Basel II, which represents a major change in the supervisory framework and a challenge to both supervisors and banks.