2/5  BIS central bankers' speeches  Funding costs have declined and remain contained, despite recent market volatility. The Central Bank has also introduced a range of macroprudential measures that aim to build resilience in the system. As mentioned above, these include the mortgage measures designed to enhance both bank and borrower resilience and mitigate the risks of credit-house price spirals emerging.
With broad engagement, rigorous vigilance, and committed analysis, the risks ahead of us can be less dangerous than the ones we left behind. 1 Leaders’ Statement (PDF), The Pittsburgh Summit (G20), September 24–25, 2009.