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buffer into the toolbox. Additional instruments shall be considered based on the review of the EU legislation, as well as further analytical work by the authorities assessing experiences from other countries. Staffs suggestion that the FIN-FSA's macroprudential policy mandate should be clarified and strengthened in the law is not fully shared by the authorities, some of which consider the existing legislation adequate. Staffs advice to formalize the inter-agency strategy on contingency planning and crisis management is well noted. Work to this effect is already
) and borrowers' debt service capacity (e.g., a loan-to-income cap) should also be considered. To strengthen the decision making framework, the macroprudential policy mandate of the FIN-FSA should be more clearly defined. Also, a household loan registry should be created to facilitate macroprudential policy analysis. 30. Better coordinated contingency planning and deeper cross-border cooperation are also key. To mitigate risks from regional linkages and the branchification of Nordea it will be key that the pending agreement on systemic branches between the key
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