In the present market conditions, though, an emergency financing at rates higher than market rates, could only respond to temporary liquidity problems, but it would be wrong to make this mechanism the linchpin of our actions. Handelsblatt: Do we need a new structure for the enforcement mechanism? If so, what kind of structure?
But they should pay careful attention to the cyber risks that accompany digitalisation and prepare their cyber strategies thoroughly. 2/3  BIS central bankers' speeches  1 TARGET2-Securities. 2 TARGET instant payment settlement service. 3/3  BIS central bankers' speeches