If it is not possible to purchase the envisaged amount of bonds in a given country, the relevant national central bank conducts so-called substitute purchases, consisting of bonds issued by 1/4  BIS central bankers' speeches  international organisations and multilateral development banks located in the euro area.
Preparatory work in this regard would enable us to counter a basic challenge in our effort towards IFRS convergence. Secondly, we come to the issue of “Ethical Standards” which are of critical importance in the field of accountancy where users rely heavily on the statements made by accounting professionals. Maintaining ethical standards and values is a key part of financial reporting.