BoJ: payments systems need liquidity revamp
A Bank of Japan report on the Oversight of Payment and Settlement Systems published on Monday says that central banks can do more to provide liquidity to payment and settlements systems by forcing participants to hold additional emergency liquidity provisions.
According to the report, when systemic disruptions take place, a central bank acting as the lender of last resort may have to provide short-term liquidity to a financial institution playing a key role in payments and settlements. In such a
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