In the German case, some key macroprudential instruments are still missing. In 2015, the German Financial Stability Council has thus issued a recommendation to create the legal basis for macroprudential instruments addressing potential systemic risks in the market for mortgage loans.1 Many other European countries have instruments available to set minimum standards for loan-to-value ratios, debt-service to income ratios, or minimum amortization requirements.
* * * 1. Mr Senarath Bandara, Chairman, APRACA (Asia Pacific Rural and Agricultural Credit Association), Dr Harsh Kumar Bhanwala, Chairman National Bank for Agriculture and Rural Development (NABARD) and Vice-Chairman, APRACA, Dr Prasun Kumar Das, Secretary General, APRACA, all other dignitaries present here, ladies and gentlemen, good afternoon! 2.