For example, in the international discussion there is agreement on the need to introduce countercyclical prudential instruments that encourage the formation during expansions of buffers to be used in recessions or market crises, when the risks materialize. The ESRB could have a direct role in the design and maintenance of these instruments.
They are encouraged to draw up their own strategies to develop the housing loan business based on careful consideration of various factors including relevant costs and probability of default in the long and medium term. Moreover, the development of housing prices differs substantially across the country. They have been rising in most cities.