Should capital flows exceed our ability to absorb by a wide margin, we will calibrate our capital control instruments to manage the flows just as we did in the past. BIS Review 159/2010  1  Our infrastructure investment needs are huge. Foreign investment certainly helps.
I applaud these efforts but more must be done as the number of households facing resets increases. Challenges remain, for example, with respect to ongoing constraints on servicing capacity to expedite work outs. Servicers must undertake the investment to overcome the capacity challenges and provide transparent and timely measures of the results. A systematic and prudent effort to avoid unnecessary foreclosures has many benefits.