In turn, the ECB signed swap-agreements with several European central banks outside the euro area to provide euro funding to non-euro area banks. 4  Before the crisis, only quick tenders were executed with a restricted set of counterparties. Since October 2008 all Eurosystem counterparties admitted to the main refinancing operations can also take part in quick tenders.
Some of you have already met her, and I am certain that she will be a worthy successor to Mr Orthacker. Thank you. 2  BIS central bankers’ speeches