The in-built flexibility of its operational framework allowed the Eurosystem to provide the necessary liquidity to address the impaired functioning of the money market without encountering widespread collateral constraints throughout much of  8  BIS Review 52/2009  2008.
The Victoria and Alfred Waterfront, where we are meeting, is perhaps a uniquely appropriate venue for this meeting of minds, given that this waterfront was recently acquired by the Dubai World and London & Regional Properties consortium.