Thus, the information requirements for conducting truly comprehensive macroprudential surveillance could be daunting indeed. Macroprudential supervision also presents communication issues. For example, the expectations of the public and of financial market participants would have to be managed carefully, as such an approach would never eliminate financial crises entirely.
6  BIS central bankers’ speeches  Banks commonly issue mortgage borrowers with pre-approvals, which represent a firm commitment to provide housing finance and may be valid for up to six months.