A common objective for these market-led initiatives is to restore confidence among investors in these market segments, and to re-introduce them as sustainable funding tools for banks. We would be happy to engage in further initiatives to foster market functioning and the creation of good and fairly safe assets that could be used in various collateral systems.
In this regard I take the opportunity to refer to a fourth initiative which is currently being worked on by the Eurosystem. iv)  A fourth initiative is the implementation of cross-border triparty collateral management services within the Eurosystem’s collateral framework.