Regulatory Alerts2016-09-22
Added · Updated
Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of the United Kingdom
The European Systemic Risk Board identifies medium-term vulnerabilities in the United Kingdom's residential real estate sector as a source of systemic risk to financial stability. The Board highlights elevated household indebtedness and residential real estate prices that have decoupled from income and rent growth as key risk factors. UK authorities are required to monitor market developments closely and adjust macroprudential policy as necessary to manage these risks under varying economic scenarios.
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