BIS Review 151/2009  3  Both the Bank of Japan and all other central banks require collateral when providing liquidity. In the case of the Bank, Japanese government bonds, bills, and bonds normally are accepted as eligible collateral (Chart 9). In the current phase, the Bank made it possible to provide the yen or the dollars against foreign government bonds as eligible collateral.
Therefore, the question that each one of you will need to answer for his or her organisation is: “how can I be sure that my organisation is compliant?” The ABN AMRO case 12 Recently, the importance of an adequate compliance function was illustrated by events that took place within ABN AMRO, one of the largest credit institutions headquartered in the Netherlands, and one of the large internationally operating banks worldwide.