I consider that what we might call the intermediate model resulting from the law of 2 August 2002 is a fairly good combination of these two main models, and it is fair to say that this Belgian design could be a source of inspiration once it is considered necessary to set up prudential supervision arrangements at European level.
Through these measures, the ECB aimed to mitigate the risk of systemic illiquidity in the euro area banking sector and to guarantee a steady flow of banking credit to euro area households and firms. 2  BIS Review 141/2009  Impact of measures implemented by the ECB Let me start with the impact of our measures on the Eurosystem balance sheet.