For instance, the restoration of the central bank’s authority to issue its own debt papers too, has provided the BSP an additional policy instrument at its disposal. The BSP is already in the final 4/5  BIS central bankers' speeches  stage of crafting the policy framework for its debt securities issuances which is scheduled to begin in the third quarter of the year.
Jean Claude Trichet: Hearing before the Economic and Monetary Affairs Committee of the European Parliament Speech by Mr Jean Claude Trichet, President of the European Central Bank, at a hearing before the Economic and Monetary Affairs Committee of the European Parliament, Brussels, 9 October 2007.