There are a number of possible reforms. 4  Financial Stability Board, “Securities Lending and Repos: Market Overview and Financial Stability Issues,” Workstream on Securities Lending and Repos, Interim Report of the Shadow Banking Workstream 5, 15 March 2012. 4  BIS central bankers’ speeches  One of the specific measures under consideration is the increased use of central counterparties.
Under these circumstances, since the MPM held on May 19 and 20, 2005, the Bank has been allowing the outstanding balance to temporarily fall below the target range when it is judged, in a situation where the Bank is doing its utmost to provide funds while at the same time giving due consideration to the effects on the functioning of the market, that financial institutions' liquidity demand is exceptionally weak.