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It added that a lack of bank lending would limit economic growth.
BBC: Bank of England forecasts 'choppy' economic recovery
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BlackRock finally gave in to the pressure from its clients, announcing its decision to limit lending to 50% of the total value of securities that the fund holds.
FORBES: BlackRock's ETF Lending Cap Is Necessary But A Downer
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He believes that the central bank's new credit guidelines, which include a limit on property lending to one-fifth of outstanding loans, would bring stability in the long run.
CNN: K.L.'s Bargain Banks
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Lending growth is still relatively sluggish, and new laws limit bank fees, so the only way to improve the ratio is to lower costs.
WSJ: Lenders See Little Choice: Layoffs
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Despite considering anti-predatory lending legislation, Congress is likely soon to pass a new bankruptcy law that would sharply limit consumers' ability to discharge their debts and start with a clean slate.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
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So, for example, he says that if - as now - there is evidence that banks are creating too little credit for the health of the economy, the Financial Policy Committee should perhaps have an explicit power to limit dividend payments by banks, so that the banks retain more capital to underpin lending.
BBC: Bank lending 'should be controlled'