On the financing side, we are currently not seeing the type of financial developments that caused concern in 2002 and 2003 when maximum LVRs were being raised, loan servicing requirements were being eased, new types of mortgage products were being introduced, and risk spreads were being compressed.
3/5  BIS central bankers' speeches  Challenges in the near term relate to regional and domestic security issues such as on-going tensions between the US and North Korea as well as the still on-going conflict in Marawi which may have a direct impact on business and consumer sentiment as well as on tourism, if prolonged.