Therefore, concerns about the costs or difficulties faced by individual institutions, once the exceptional provision of liquidity is discontinued, should not act as a constraint on the timely implementation of an exit strategy from non-conventional monetary policy. A final point must be made: the specific operational steps of an exit should not be interpreted as signalling imminent changes to key policy rates.
BIS Review 127/2008  5  framework will help provide the right incentives for employees, and establish a better link between the actions of those employees and the firm's overall risk profile. Institutions should be particularly sensitive to employee activities that could either directly or indirectly impair access to funding or disrupt liquidity.