The Committee keeps in touch with the securities regulator (SEBI), the stock exchanges especially the clearing and settlement corporation of the exchanges, the Clearing Corporation of India Ltd. (CCIL) and the like. We also have a Crisis Management Group that meets whenever a crisis is anticipated or occurs.
With this in mind, for instance, we at the Bank of Italy have been gradually reducing the average size and holding period of our active positions in foreign reserve management, while increasing the frequency of trades. Furthermore, we reinvest large bond redemptions by distributing purchases over an entire trading session.