Time and planning will be of the essence. Indeed, in this stage, the flow of information will be crucial and the competent supervisory authority will have to provide all relevant information on whether the counterparty is fulfilling its capital requirements, so that the necessary decisions on access can be taken. 4. Conclusion Let me draw to a close.
As I have already indicated, liquidity provision by central banks in the event of resolution must not be assumed ex ante, even though the possibility is not excluded provided the specific rules and objectives of the Eurosystem are followed.