BIS central bankers’ speeches  1  Yet, it is striking to see that the turnaround in capital flows from net inflows to net outflows started in mid-2014, just when we had announced our credit easing package and when expectations were gradually building among market participants that we would also begin purchasing government bonds.
The powers proposed in the paper should be available to all institutions but may not be equally appropriate to all institutions in all  4  BIS central bankers’ speeches  circumstances. The powers used should be proportionate to the nature and systemic significance of the institution being resolved. vii.