Such purchases have a longer-lasting impact on the balance sheet of the central bank, making it all the more important that a carefully designed risk control framework be put in place. •  Furthermore, the central bank can provide emergency liquidity assistance to individual banks in so far as these are illiquid but not insolvent.
Mark Carney: Summary of the latest Monetary Policy Report Opening statement by Mr Mark Carney, Governor of the Bank of Canada and Chairman of the Financial Stability Board, at the press conference following the release of the Monetary Policy Report, Ottawa, Ontario, 23 January 2013. *  *  *  Good morning.