Convergence with IFRS is also in the interest of the industry since compliance with them would be able to create greater confidence in the mind of investors and reduce the cost of raising foreign capital.
In 2018 there were over twenty two thousand (22,171) new restructure arrangements for mortgages relating to private dwelling homes. This brings the total number of private dwelling homes loans categorised as restructured to over 1/3  BIS central bankers' speeches  one hundred and ten thousand (111,504) as at the end of 2018.