2 See Central Bank of Ireland (2017), Review of residential mortgage lending requirements. 3 See, for example, Bank of England (2017), Financial Stability Report, November 2017. 4 See Bank of England (2016), The Financial Policy Committee’s approach to setting the countercyclical capital  buffer. 5 See IMF-FSB-BIS (2016) Elements of Effective Macroprudential Policies: Lessons from International Experience.
It is crucial to have payment and settlement systems that function under all circumstances to prevent the economy from being disrupted. The objective is to develop a framework which guarantees the operational integrity of all critical infrastructure that are also shared by financial market. I am confident that we can reach this target in good cooperation between the financial industry and the authorities.