Access to central bank funding has also been facilitated by enlarging the list of collateral eligible for the central bank lending operations and by widening the range of counterparties with access to these operations. In some countries, central banks have also extended lending to non-depositary banks and to non-bank financial institutions.
Additionally, some central banks have established securities lending facilities to improve the functioning of their interbank repo markets. An important characteristic of the global liquidity policy response to the financial crisis has been the strengthened cooperation among central banks.