There are no restrictions on the way a central bank provides liquidity to the banks via repo, a priori. 2  BIS central bankers’ speeches  You want to reach your price stability objective. At the same time, you want to be sure that when you provide liquidity against adequate collateral, it doesn’t reduce the incentive to restructure the banking sector.
And so by having a well-designed comprehensive assessment – like the one we’re preparing now – we are easing the job of the central bank. BIS central bankers’ speeches  3