The common features are (1) large-scale purchases of various financial assets (mainly sovereign bonds) as a main pillar and (2) a long-term conditional lending facility, where the amount of lending to financial institutions depends on the increased lending volume by those institutions to the private sector (Chart 1).
Third, the recent ECB regulation on supervisory financial information, which will gradually extend reporting requirements to entities that have not yet been reporting on the basis of FINREP, is one example of where we have closed a data gap and increased the consistency of data at the same time.