【正文】 xt generation: weamp。rsquo。ndash。rsquo。rsquo。ndash。s problems.
　　The housing market is no exception.
　　Iamp。re renting or buying.
　　The only way that can be achieved over the long term is by building more, so supply bettermatches demand.
　　But we are a small and crowded island, keen to protect our green spaces and ready to objectto new development.
　　So the British people want our homes to go up in value, but also remain affordable。s our housingmarket.
　　The challenge is that we want several things which donamp。re not going to wait for more scandals to hitamp。s time.
　　And some of its remendations may require international agreement.
　　In the meantime, we will act here at home.
　　I am today announcing that we will extend the new powers we put in place to regulate LIBORto cover further major benchmarks across foreign exchange, modity and fixed inemarkets amp。 an Islamic bond.
　　For I want Britain to be not just the western hub of Chinese finance amp。ve weled to Britain the headquarters of some of the worldamp。supervising the prudential regulation of our banks and insurers, thanks to the reforms Iannounced in my first speech here at the Mansion House in 20xx.
　　And in each speech since, I have set out new steps to strengthen the resilience of oureconomy and the financing that underpins it.
　　20xx, Ringfencing our retail banks
　　20xx, launching funding for Lending
　　Last year, restructuring the Royal Bank of Scotland and firing the starting gun on the sale ofour stake in Lloyds.
　　It would be tempting this year, at the Mansion House, to pause for breath.
　　But our task is far from plete amp。rsquo。rsquo。資料共分享，我們負(fù)責(zé)傳遞知識(shí)。 to give my first major speechon the task ahead.
　　I set out for you the economic plan we would follow, and I drew on the words Winston Churchillhad uttered in this very hall, to say that while Britain could not pretend our travails were at anend, we were at least at the end of the beginning.
　　In the four years since, supported by the resolution and sacrifice of the British people, wehave worked through that plan.
　　Now we are starting to see the results:
　　Britain growing faster than any advanced economy in the world.
　　A record number of people in work.
　　Now strong business investment on the back of low business taxes.
　　And a budget deficit this year set to be half what it was.
　　Last week, the IMF said that our resolute fiscal policy had been in their words an amp。 the left and nowtoo the populist right amp。rsquo。ndash。rsquo。ndash。rsquo。ndash。ndash。ndash。rsquo。 and are forecastto stay below that peak for some years to e.
　　At the same time debtservicing costs remain at near record lows and rental yields are in linewith long term trends.
　　So there is no immediate cause for alarm.
　　Indeed the most recent data shows that mortgage approvals have actually slowed in the lastcouple of months.
　　But we need to be vigilant.
　　For there are on the horizon things that should give us some causes for concern.
　　If London prices were to continue growing at these rates that would be too fast for fort.
　　And the rate of price rises is now beginning to spread beyond London. Across the country, theratio of house prices to ines is high by historical standards.
　　And while average loan to value ratios for new lending are still well below normal, average loanto ine ratios have risen to new highs.
　　Let me spell it out: does the housing market pose an immediate threat to financial stabilitytoday? No, it doesnamp。 or had the tools to do anything about them.
　　I have changed that.
　　The new Financial Policy Committee in the Bank of England has been given the authority andthe macroprudential tools to act.
　　They have also insisted on the toughest stress tests for our banks, so that this time round theycan withstand the worst.
　　Before Christmas, the Bank acted with the Treasury to refocus the Funding for LendingScheme away from mortgages towards small business lending.
　　And earlier this year, our regulators put much more rigorous mortgage standards in place.
　　These are all important steps.
　　The FPC already have further tools in t