The Directive on settlement finality which the EU Commission is in the process of passing legislation on and which is designed to remove the possibility of national bankruptcy law having an effect on payments and settlement systems is a very important step here.
Conclusion  In conclusion: While there continues to be much uncertainty regarding the strength and sustainability of the recovery, increasingly central banks are beginning to ponder exit strategies. The quantitative easing employed by central banks, the fiscal stimulus packages and record increase in government debt issuance has created concerns about exit strategies of central banks and their impact.