Another approach could be to set up a new program or facility: For example, there has been much discussion among market participants, as well as policymakers, about the potential benefits of setting up a standing repurchase agreement, or repo, facility for banks and how such a facility could improve the substitutability of reserves and Treasury securities for these firms.
The EU action plan on sustainable finance will definitely shape our work going forward. So we will not only have “Green Weeks” in Berlin and Frankfurt, but also green months and years in Brussels. Let us all keep the spirit up and work together to scale up green finance. Thank you for your attention. 4/4  BIS central bankers' speeches