1 “... a further extension of consultation cycles to accommodate the gradual nature of the restart. Staff...”

2 “... is for both upturns and downturns of economic cycles. The role of the ESRB should be further enhanced to cover...”

3 “... markets has important implications for financial stability. Cycles in the prices of housing and commercial...”

4 “... and regional boom-bust cycle has left a legacy of high NPLs in Montenegro...”

5 “... resource constraints result in an extended supervision cycle and some risk areas receiving insufficient...”

6 “... built up over a period of rapid economic growth in Namibia, and the financial cycle has now turned down...”

7 “... performance in building systemic resilience through the financial cycle, including the market volatility...”

8 “... that a new financial cycle upturn has not started and a still-negative credit gap and weakly recovering...”

9 “... cycles...”

10 “... experienced significant real GDP fluctuations since the Peso crisis but no major credit boom-bust cycles...”

11 “... ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects...”

12 “... subsidiaries in Central, Eastern, and South-eastern Europe have increased recently; however, the cycle...”

13 “... through-the-cycle for banks using the Internal Ratings Based approach. A common forbearance definition...”