Some of the changes have come into effect with the mere publication of the new laws, such as the prohibition of bundled sales of products in the financial sector. Others imply specific actions already contemplated.
Still, measured against the size of our economy, the value of QE assets that we’ve purchased since last March is broadly similar to that of many other central banks. We’re below the Bank of England, about tied with the US Federal Reserve and ahead of the European Central Bank and the Swedish Riksbank (Chart 2). By another measure, however, our purchases stand out.