Hence, there was political will to make the financial system more resilient. The Council changed the wording of the forward guidance in the recommendation from September 2018: "The Council expects to recommend a further increase of the buffer rate by 0.5 percentage points in the 1st quarter of 2019 unless the build-up of risks in the financial system slows down considerably."
This rephrasing made it easier to follow the strategy of increasing the buffer in 'good times' as it is difficult to detect changes in the risk build-up from quarter to quarter. In addition, the timing was narrowed down to a certain quarter. The changed wording was maintained in the next recommendations.