4/4  BIS central bankers' speeches
Strategic Role of the Central Bank [29] For further information on the ECB’s monetary policy responses, see ECB Blog post by Philip Lane at: https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200501~a2d8f514a0.en.html [30] See https://www.centralbank.ie/about/the-eurosystem [31] In the case of the ECB, comprehensive package of policy measures was provided through the Pandemic Emergency longer-term refinancing operations (PELTROs) and Pandemic Emergency Purchase Programme (PEPP), the latter amounting to € trillion equivalent to 11 per cent of euro area GDP [32] See European Banking Authority - https://eba.europa.eu/; European Insurance and Occupational Pensions Authority - https://www.eiopa.europa.eu/; European Securities and Markets Authority- https://www.esma.europa.eu/; European Systemic Risk Board- https://www.esrb.europa.eu/home/html/index.en.html; and European Central Bank - Banking Supervision (SSM)- https://www.bankingsupervision.europa.eu/home/html/index.en.html [33] Makhlouf, G. "The Covid-19 Crisis and the Monetary Policy Response" 6 May 2020 [34] See https://www.centralbank.ie/consumer-hub/covid-19/research-and-publications for more details on publications [35] Lydon, R., and McGrath, L. "Economic Letter: Regional impact of COVID-19: Western Region & Atlantic Economic Corridor" October 2020 [36] The Business Interruption Supervisory Framework is designed to identify and monitor insurers’ approaches to these types of policies, to set out our expectations in relation to these, and to escalate our response where those expectations are not met.