17  E. Enenajor, A. Sebastian and J. Witmer, “An Assessment of the Bank of Canada’s Term PRA Facility,” The North American Journal of Economics and Finance 23, no. 1 (2012): 123–43; Bank of Canada Working Paper No. 2010–20. BIS central bankers’ speeches  5  infrastructures that are overseen by the Bank.
This is essential because infrastructures such as CCPs are becoming more important. Finally, we are adjusting the range of collateral we would accept as a last resort for emergency loans. This collateral could include mortgages, which would give a stressed institution more capacity to accept ELA in an emergency. To be clear, this would only occur after all other collateral had been exhausted.