The other BSR measure is the Macro-Prudential Indicator (MPI), which ranges from '3' — high
potential vulnerability to financial stress over the medium term based on trends in credit
expansion and asset prices — to '1' — low likelihood (see Macro-Prudential Risk Monitor
published in June 2014 for full details). This indicator can provide an early-warning signal of
potential financial distress that, in the most adverse circumstances, could result in
macroeconomic instability and/or large contingent liabilities being realised by the sovereign