Mr. Jeremy Masding:

That is my invite to the Ministry of fisheries Christmas party. As an outsider, I respect what the Governor is trying to do. We all know that macroprudential intervention is important for our banking system. He is trying to force people to think, the best way of doing so is by going to an extreme. My team and I have engaged in dialogue in which we have expressed two thoughts, the first of which is on having a more graduated process over time. Second, we are less obsessed with loan-to-income, LTI, ratios. I am more interested in how much people earn every month, where they spend it and whether they can afford to repay me. Working with the Governor, I want to reach that sweet spot.