The expansion of the list of assets eligible as collateral. The Eurosystem expanded in October 2008 its already broad list of eligible collateral, against which counterparties are able to obtain liquidity in central bank refinancing operations. Ample availability of collateral is important in a financial crisis, as counterparties can only obtain liquidity in refinancing operations to the extent that they hold eligible collateral.
In addition, consumers should receive clear disclosure of the factors that are reflected in the recommendations they receive.