Later in November we will be releasing our Financial Stability Report, which will comment on the housing sector in more detail. This presents us all with a challenge. Strong housing activity and other consumption in this tight economy is starting to drive inflation higher.
We should not be reticent about recognising the overall progress made since the financial crisis in increasing the safety and resilience of financial market infrastructures in general, and CCPs in particular. 1/3  BIS central bankers' speeches  Nonetheless, there is no room for complacency.