Recently the Board has focused on helping consumers understand nontraditional mortgage products and ARMs. For example, the Board recently published a consumer education brochure (Interest-Only Mortgage Payments and Payment – Option ARMs – Are They for You?) on interest-only mortgages  BIS Review 65/2007  7  and payment-option ARMs.
This has immediate implications for the domestic policy priorities of each country. In a group that is ostensibly committed to doing no harm to each other, these differences may pose a challenge. The most visible dilemma is on the issue of continued quantitative easing by advanced economies whose recoveries are showing some signs of stalling.