Norges Bank lays out plans for collateral management during resolution
Liquidity assistance in a resolution will “never” be a long-term solution, Torbjørn Hægeland says
Liquidity assistance in a resolution will “never” be a long-term solution for resolved banks, Torbjørn Hægeland, executive director of financial stability at Norges Bank, said as he laid out a framework for collateral management during resolution.
“Norges Bank will not be in a position to contribute to securing a bank’s liquidity until recapitalisation has been determined,” he said during remarks at a seminar. “Emergency liquidity assistance [ELA] must only be a short-lived bridge to normal
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