Overall, our approach comprises five main building blocks: •  First, the full accommodation of banks’ liquidity requests at a fixed rate. •  Second, the expansion of the list of assets eligible as collateral. •  Third, the lengthening of the maturities of long-term refinancing operations. •  Fourth, the provision of liquidity in foreign currencies.
•  And finally, financial market support through outright purchases of covered bonds in order to stimulate a market that has traditionally been an important source of funding for banks.