First, as has long been recognized, a capital ratio – even a much higher one – is essentially a snapshot of a bank’s balance sheet and, thus, often a lagging indicator of the bank’s actual condition.
4  BIS central bankers’ speeches  to dampen the rate of increase of housing prices – though it will take some time yet to know whether that has happened. In announcing the new measures, the Bank of Israel emphasized that they were macroprudential, and that our aim was to ensure financial stability.