In particular, banks that currently have limited access to market financing urgently need to increase their capital and their efficiency. 2  BIS central bankers’ speeches  To sum up, the Governing Council decided to increase the key ECB interest rates by 25 basis points.
Furthermore, the Green Paper refers to emergency liquidity assistance (ELA) as an area where a review would be undertaken by all the relevant parties. I would like to note that the provision of ELA is a central bank function and an agreement exists within the Eurosystem on how this facility operates in the euro area.