Recognising the liquidity pressures on Bahrain’s banking system, the Central Bank took action to alleviate the problem. We extended the range of collateral that we would accept in our lending operations with the banking system, so that this now includes long- and shortterm Ijara Sukuk issued by the Kingdom of Bahrain. We are also looking at extending the scope of acceptable collateral still further.
Italy has struggled to respond, and this explains the difficulties it has encountered in lending vigour to the strengthening recovery. BANCA D’ITALIA  The Governor’s Concluding Remarks Annual Report 2016  21  The need to exit the crisis has called for, still calls for, an exceptional effort.