They are doing so by seeking agreement between the competent official bodies and potential private sector issuers on standardisation – the objective being to promote inter-operability between different privately supplied alternatives.
Given the outlook for price stability and the solid anchoring of longer-term inflation expectations, the Governing Council regards our monetary policy stance and the current level of key ECB interest rates as appropriate. In order to cope with tensions on the money  BIS Review 87/2010  1  markets, the Governing Council has decided to reintroduce some of our previous non-standard measures.