(c) Not putting this framework in place would be tantamount to letting go waste the landmark economic legislation that IBC is. (d) The framework undoes many intrusive regulations by specifying outcomes rather than processes. (e) Finally, the framework seeks a fundamental change, for the better, in behaviour of lenders and borrowers, for it can’t be business as usual. 28.
Following up on the decisions of 2 October 2014, we last month started purchasing covered bonds under our new programme. We will also soon start to purchase asset-backed securities. The programmes will last for at least two years.