The ninth measure we introduced relates to an action we took in June this year to shore up the export sector. Ever since the crisis hit, we have been closely monitoring the indebtedness of the corporate sector. We have a high level of interconnectedness and related party transactions in our banking system, which makes it very vulnerable to contagion.
4 The problem posed by resets is serious, but it may be mitigated somewhat by lower short-term interest rates and by the efforts of servicers, including those working with the Hope Now Alliance, to find solutions for borrowers facing resets, including interest-rate freezes (Hope Now Alliance Servicers, 2008).