These Committees, which are composed of experts from the NCBs and from the ECB, provide expertise in their fields of competence and greatly facilitate the decision-making process of the Eurosystem.
The proposed change in the SCRA is bound to pave way for a much more active repo market. In the PSU and corporate bond market, an important issue relates to large resources raised through private placement. No doubt, private placements offer a number of advantages. However, this market remains largely unregulated.